Help to Buy mortgage guarantee scheme to end.
The government has today announced that the Help to Buy mortgage guarantee scheme won’t be extended beyond 2016. The scheme that was originally launched in 2014, supports lenders running 95% mortgages.
The mortgage guarantee scheme, was part of a wider Help to Buy policy introduced by the previous Prime Minister David Cameron. Other parts of Help to Buy – the equity loan scheme and the ISA bank account – will continue to operate.
Theresa May has said she wants to close Britain’s “homes deficit” and said housing will be one of her priorities, though she has yet to announce new policies in the area. She may announce new measures at the Conservative conference, which begins in Birmingham this week.
If you want help of advice on what government backed schemes are available to you, to help you get on the property ladder, our property experts will be happy to advise you.
We are passionate about property and people, and serious about delivering a high quality service, whether you are thinking of buying, selling or renting, we have highly experienced staff who would love to help.