Latest mortgage news - Help to Buy scheme
Help to Buy scheme could be risk to property market
The Council of Mortgage Lenders has warned the government’s Help to Buy scheme could become another US mortgage crisis.
Mortgage lending in UK now at a five-year high
Figures from the Council of Mortgage Lenders (CML) show that mortgage loans were up 17% on the previous three months.
First time buyer demand increases by 33% in August, says CML
There has been an increase in demand for homes with more loans especially from first time buyers in August.
Phase two of Help to Buy more expensive than expected
The second phase of the Help to Buy scheme launched by the government is likely to see mortgage costs at 5%.
House prices rising at fastest rate for three years
According to the UK’s largest lender the Halifax annual growth is at 6% after eight months of rising property prices.
Mortgage approvals reach a five-year high
The Bank of England has confirmed the number of mortgages approved is at the highest level for the past five-and-a-half years.
Help to Buy scheme brought forward by David Cameron
David Cameron has promised to launch the Help to buy scheme with mortgages up to 95% loan to value.
Help to Buy must not cause housing bubble
There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.
New homes built in England rise by 6%
The government claims the number of new homes built in England for the three months to June this year is 6% higher.
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