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help-to-buy scheme

Word Smith's picture

House prices reach record high

Mon, 11/11/2013 - 00:17 -- Word Smith

As of October 2013, the Government's Help-to-Buy scheme, which provides up to £12 billion of mortgage guarantees, will lift house price growth by increasing the availability of mortgage financing, says the CEBR (the Centre for Economics and Business Research). The Bank of England has said base rates will also be kept on hold until unemployment falls below 7.0%, suggesting rates are unlikely to rise before 2016. This aids stability and helps both businesses and consumers to plan as well as anchoring mortgage costs.

Word Smith's picture

First Time Buyers Bonanza

Thu, 08/15/2013 - 12:15 -- Word Smith

The government has created a bonanza for first time buyers, but with the next general election looming in 2015, first timers need to get in quick!

What's the deal for first time buyers?

Help To Buy Scheme – features

It runs from 1st April 2013 for 3 years

Any buyer with a 5% deposit already saved will be able to borrow an extra 20% as a loan from the Government.

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