Govt fast-tracks Help to Buy launch by three months

clock

The second part of the Help to Buy scheme will be available from next week after the government brought forward the launch date by three months.

Its scheme, which allows prospective homeowners in England to take out 95% mortgages, was due to start in January 2014 but people will be able to start applying for the new mortgage guarantee from next week. The mortgages - backed by the government - will help people buy new or existing homes worth up to £600,000 with just a 5% deposit. The government then guarantees the next 15% of the loan for a fee. It is aimed at people who cannot get on the property ladder - or move to a new home - because they cannot afford the large deposit required, often up to 20% and will be available for th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Mortgages

St James's Place partners with Metro Bank for mortgage product launch

Exclusive to current clients

Jayna Rana
clock 25 April 2016 • 2 min read

Could we soon see the return of MBS?

Could we soon see the return of MBS?

Annabelle Williams
clock 07 October 2014 •

Bank of Scotland unfairly double billed customers says judge

Bank of Scotland has been unfairly double billing customers who fell behind on their mortgages, a High Court judge in Belfast has ruled.

Professional Adviser
clock 20 August 2014 •
Trustpilot