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....In brief, your daughter would be better off graciously accepting your offer of £50,000 towards her first home and staying away from the help-to-buy scheme. Doing so will also mean that she won’t have an equity loan to repay in five years which, if house prices rise, will be more than the initial loan, and she will also not be limited to buying a new-build property. ... [Read full article on Guardian ]
Tuesday 29th of August 2017 01:26:11 PM
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Latest Finance News related to Equity Loan

Does the help-to-buy scheme really offer the best rates? image
Source : Guardian [Read Article] Tuesday 29th of August 2017 01:26:11 PM
....In brief, your daughter would be better off graciously accepting your offer of £50,000 towards her first home and staying away from the help-to-buy scheme. Doing so will also mean that she won’t have an equity loan to repay in five years which, if house prices rise, will be more than the initial loan, and she will also not be limited to buying a new-build property. ...
Help To Buy: Fears first-time buyer scheme will be AXED image
Source : Daily Express [Read Article] Friday 4th of August 2017 03:33:00 PM
....The share price in British homebuilders plunged after the report, with Persimmon shares, Taylor Wimpey , Barratt Development and Bellway all taking a hit. A spokesman for Britain's planning ministry said the "Help to Buy" equity loan scheme was regularly reviewed. ...
Leaseholds on new-build houses in England to be banned image
Source : Guardian [Read Article] Monday 24th of July 2017 11:01:37 PM
....New legislation will close legal loopholes to protect buyers, some of whom have faced repossession orders after failing to keep up with the ground rent. The government will also change the rules on help-to-buy equity loans so that the scheme “can only be used to support new build houses on acceptable terms”. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
.... By 2013, a year into the regeneration, one third of the homeowners could not sort out a mortgage. The right-to-buy residents say they had been promised that they would be able to stay on the estate, if they wanted to, no matter what – either by transferring their mortgage, entering a shared ownership scheme via a housing association, getting an equity loan from the council, or becoming a council tenant again. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... He means excellent for the company and its shareholders, and he’s right. Half of Persimmon’s homes are bought by buyers who use the government’s equity loan scheme, and the company’s first-half trading update contained good news followed by splendid news. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
.... RS. A It is not the case that you have to repay the help to buy equity loan after five years. ...
English house-building at highest for a decade image
Source : BBC [Read Article] Thursday 25th of May 2017 11:42:17 AM
....". The Mortgage Advice Bureau said the fact that the Help to Buy equity loan scheme was due to end in 2021 could already be discouraging developers from buying land. ...
I want to repay my Help to Buy loan in order to let my house image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:00:23 AM
....Q Due to a change in circumstances I am looking to rent out my house. However, because I have an equity loan from the Help to Buy scheme, this is forbidden. ...
Housebuilder Bellway restarts land purchases image
Source : Guardian [Read Article] Tuesday 13th of December 2016 09:47:22 AM
....In a trading update for the 18 weeks to 4 December, Bellway said it had entered into contracts to buy 40 new sites and had spent £263m on land. Ted Ayres, the chief executive, said the outlook for UK housing demand was strong, boosted by low mortgage rates and the government’s help to buy equity loan scheme, which will be closed by the end of the year. ...
End of the property boom? UK house prices to flatline, says forecast image
Source : Guardian [Read Article] Friday 4th of November 2016 12:01:02 AM
....On Wednesday, the UK’s largest building society, Nationwide, reported that prices had stalled in October, and said that in some parts of the country affordability was being squeezed. Cook said he expected first-time buyers to face “significant ongoing challenges in raising a deposit without financial assistance”, and that schemes such as the help-to-buy equity loan “look like they will need to become long-term features of government efforts to sustain housebuilding and home ownership”. ...
I won’t miss help to buy. It only made the housing market worse | Jonn Elledge image
....A quick primer on what help to buy actually does is due at this point, as the scheme comes in several flavours. One is a 20% government equity loan, for those buying new-build houses (this is the one Matthew and Alice used). ...
Do a financial health check and midlife needn’t mean a crisis image
Source : Guardian [Read Article] Saturday 1st of October 2016 06:00:11 AM
.... In July, Nationwide upped its “maximum age at maturity” from 75 to 85, while the Halifax raised its maximum from 75 to 80. If you are happy to live in a new-build, the help to buy equity loan scheme will see the government lend you up to 20% of the cost. ...
Closure of help-to-buy scheme confirmed by Philip Hammond image
Source : Guardian [Read Article] Thursday 29th of September 2016 12:34:28 PM
....The chancellor said it was “important to note that the end of this particular scheme does not diminish in any way the government’s commitment to supporting those looking to get on the housing ladder”. Other help-to-buy schemes will continue until 2020, including the five-year, interest-free equity loans available for up to 20% of the property price when a buyer has raised their own 5% for a deposit. ...
Help to Buy mortgage guarantee not needed, says Bank image
Source : BBC [Read Article] Thursday 22nd of September 2016 11:00:00 AM
...."Given the decreasing usage of the scheme over time, the [Financial Policy] Committee judges that the closure of the scheme would be unlikely, in current market conditions, to affect significantly the provision of finance to prospective mortgagors, including high loan-to-value borrowers," he wrote. The move is unlikely to affect other Help to Buy schemes, which include equity loans to buy newly-built homes, as well as the Help to Buy Isa savings scheme which is aimed at those saving for a deposit. ...
How a ‘rent to buy’ scheme is making home ownership a reality image
Source : Guardian [Read Article] Saturday 6th of August 2016 06:00:25 AM
.... The same house costs £852 a month with the current best 90% mortgage, and you aren’t limited to new-builds. That said, just over 80,000 people have taken advantage of help-to-buy equity loans, with the average house purchase price at £223,000. ...
Help-to-buy rules mean I can't rent out my flat image
Source : Guardian [Read Article] Thursday 21st of April 2016 09:05:27 AM
....Q: I have a problem. I bought my flat in Manchester in June 2014 with an equity loan from the help-to-buy scheme. ...
Should we be making overpayments on our mortgage? image
Source : Guardian [Read Article] Thursday 31st of March 2016 06:00:06 AM
....Rather than just saving the money (with the idea that one day it may be beneficial in terms of a house deposit for a larger property), should we be making overpayments on the mortgage? Can we do this? And is “over paying” the same thing as “early repayments”? What advice can you give us about using this money to reduce the debt we owe on the mortgage?. Alternatively, should we be looking at those savings with a view to paying off the equity loan (with the Help to Buy scheme)? The loan was worth £39,000 at the time of purchase. ...
Help to buy is riddled with loopholes that the privileged can easily exploit image
.... Chances are the image you have is of a young professional couple who’ve spent years scraping together a deposit, and are keen to own the roof over their heads so they can start a family. I’ll hazard a guess that very few people instantly thought of the wife of a 63-year-old Conservative MP: but, according to the Mirror, Peter Bone and his wife Jennie used the government’s help-to-buy scheme to buy a new constituency home, purchasing the £175,000 home in her name, with a £35,000 equity loan from the government. ...
Big Short's version of housing bubble entertains but reality disappoints image
Source : Guardian [Read Article] Sunday 28th of February 2016 04:12:49 PM
....Newer buyers are the most optimistic of all when it comes to price gains, but they may be more wary about taking out loans against any equity in their home. But only 14% said the crisis made them more conservative about taking out a home equity loan, and nearly 6% said they didn’t believe having a high level of equity in their home would protect them in the event of a crash, anyway. ...
Barratt Developments sees profits soar image
Source : BBC [Read Article] Wednesday 24th of February 2016 08:25:00 AM
....The company said it was pleased to see an extension of the UK government's Help to Buy programme until 2021. It also welcomed the introduction of the government's separate equity loan scheme for London, introduced on 1 February, which helps those buying a new build property in the capital. ...
Londoners need a 266pc pay rise to buy a house image
Source : Telegraph [Read Article] Tuesday 23rd of February 2016 05:30:19 AM
.... More than half of London boroughs require an income of more than £100,000 to buy the average house. Help to Buy London, the government-backed scheme that provides a 40pc equity loan for new-build properties worth less than £600,000, is aiming to relieve the affordbility cruch. ...
The desperate councils buying back homes they were forced to sell image
Source : Guardian [Read Article] Friday 19th of February 2016 07:12:24 AM
.... And selling government assets at below-market prices is not the only Conservative scheme that highlights the madness of the housing crisis. Help to buy, which gives new homeowners an initially interest-free government-backed equity loan to buy a home, has artificially inflated the housing market, according to research by the Independent. ...
'Do Help to Buy schemes work for joint buyers?' image
Source : Telegraph [Read Article] Thursday 18th of February 2016 11:07:09 AM
.... I have never owned property before and plan to buy a house jointly with my partner, who is already a home owner as an individual. Will I still be able to use the Help to Buy Isa to receive a government bonus, and will we still qualify for a Help to Buy equity loan? . ...
Help-to-buy loan scheme nets Treasury £213m in paper profit image
Source : Guardian [Read Article] Monday 15th of February 2016 12:01:32 AM
....Rising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years. The help-to-buy equity loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. ...
London Help to Buy: verdict on the first mortgage rates image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 07:53:41 AM
.... . London Help to Buy is an extension of the existing equity loan scheme, which provides first-time buyers purchasing new build homes (up to £600,000) with access to an interest-free loan. ...
Help to buy London launches, but expert questions its reach image
Source : Guardian [Read Article] Monday 1st of February 2016 11:11:40 AM
....To achieve the £525,000 which would be needed for a comparable property, Stansfield said, the London household would need an income of £64,000 and a larger deposit. “In terms of its direct impact on a buyer’s monthly outlays, Help to buy London appears to be a significantly more generous subsidy than the original equity loan scheme it supplements,” he said. ...
Mapped: Help to Buy London - will it actually help? image
Source : Telegraph [Read Article] Monday 1st of February 2016 05:00:37 AM
.... . The London-specific programme, announced by the chancellor in the autumn statement, offers an interest-free equity loan. ...
Priced out of London? Here's where first-time buyers can ACTUALLY buy image
Source : Telegraph [Read Article] Friday 29th of January 2016 05:00:59 AM
.... For those still determined to buy in London, help is at hand. The Government’s 'Help to Buy London’ which launches on Monday, offers an interest free equity loan of up to 40pc of the value of a property. ...
David Cameron's £10,000 mortgage deposit claim put to the test  image
Source : Telegraph [Read Article] Saturday 16th of January 2016 08:17:14 AM
.... • Calculator: When will you be able to afford a house?• New London Help to Buy mortgage scheme explained. The Help to Buy mortgage guarantee and equity loan schemes are designed to help people with a small deposit amount secure a property on favourable terms. ...
Barratt buoyed by housing schemes for first-time buyers image
Source : Guardian [Read Article] Wednesday 13th of January 2016 01:01:02 PM
....Help to buy, which has been extended until 2021, accounts for about a third of completions at Barratt and the other big housebuilders, giving the industry a major boost over the past three years. The FTSE 100 firm welcomed the recent increase in the government’s equity loan to 40% in London, as well as the starter homes scheme, which is aimed at providing 200,000 homes for first-time buyers by 2020. ...
London help-to-buy scheme to launch in February image
Source : Guardian [Read Article] Tuesday 12th of January 2016 11:24:49 AM
....A government scheme offering homebuyers in London loans of up to £240,000 to help them buy new-build properties will go live on 1 February. Help to buy London is an extension of the equity loan scheme that has been available to buyers around the country since April 2013, which doubles the amount of money being offered from 20% of a property’s purchase price to 40%. ...
Number of first-time housebuyers falls despite government help image
Source : Telegraph [Read Article] Monday 11th of January 2016 11:39:34 AM
....” . First announced by the Chancellor, George Osborne, in 2013, the Help to Buy scheme allows first-time buyers to purchase a house with a 5pc deposit with either an equity loan or mortgage guarantee, both backed by the Government. ...
New battle on 5pc deposit mortgage rates - with and without Help to Buy image
Source : Telegraph [Read Article] Saturday 9th of January 2016 10:05:42 AM
.... . It is worth bearing in mind the equity loan portion of Help to Buy, which can provide you with up to a 20pc equity loan to put towards a new build home. ...
Mapped: buying is now cheaper than renting across Britain image
Source : Telegraph [Read Article] Thursday 31st of December 2015 07:12:36 AM
.... • For money tips, tricks and ideas, get our weekly round-up here . However, by using a Help to Buy equity loan or mortgage guarantee, that could drop to as little as 5pc, or £10,630 – just over £5,300 each if split between a couple. ...
Help to Buy calculator: what's the minimum deposit you need? image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 09:15:39 AM
.... . There are numerous schemes available to help first-time buyers clamber onto the bottom rung of the housing ladder, including the new London Help to Buy equity loan that launches on February 1. ...
Calculator: When will you be able to afford to buy a house?  image
Source : Telegraph [Read Article] Sunday 13th of December 2015 08:27:01 AM
.... . Help to Buy, and the new London Help to Buy schemes enable first time buyers to get equity loans on new build homes, to reduce the deposit required. ...
First-time buyer woes: the mortgage adviser hits me with a few 'facts' image
Source : Guardian [Read Article] Friday 11th of December 2015 07:00:12 AM
.... As I have £20,000 to put down, I don’t really need to consider this one. The help-to-buy equity loan scheme differs as it only applies to new-builds. ...
Where do we put our £20,000 deposit for the best one year return?  image
Source : Telegraph [Read Article] Thursday 10th of December 2015 08:08:40 AM
.... . The Government's Help to Buy scheme can give you up to a 20pc equity loan outside of London and 40pc in London, when you buy a new build home. ...
Which areas count as 'London' for the Help to Buy Isa? image
Source : Telegraph [Read Article] Saturday 5th of December 2015 09:02:28 AM
.... Addlestone has an average house price of £335,000 according to Rightmove. You could still apply for a Help to Buy equity loan if buying a house at that price, meaning you could buy a house with as little as a 5pc deposit. ...
Tax-free savings deal extends a helping hand to first-time buyers image
Source : Guardian [Read Article] Monday 30th of November 2015 07:00:04 AM
....Help-to-buy Isas can be used alongside other schemes on offer, including:. ■ Help-to-buy equity loans Borrowers need to raise 5% of the value of a new-build property, but can borrow a further 20% on an interest-free basis from the government. ...
George Osborne unveils his 'bold plan' to tackle housing crisis image
Source : Guardian [Read Article] Wednesday 25th of November 2015 06:45:38 PM
....”. Stuart Law at Assetz for Investors, a buy-to-let estate agency, said the higher equity loans in London would “create further upward price pressure” in the capital. ...
New London Help to Buy mortgage scheme explained image
Source : Telegraph [Read Article] Wednesday 25th of November 2015 03:31:31 PM
. Aspiring homebuyers in London have been given a helping hand onto the property ladder by the new “London Help to Buy” equity loan scheme which launches today. ...
Buy-to-let homes face higher stamp duty image
Source : BBC [Read Article] Wednesday 25th of November 2015 02:24:42 PM
....Up to £60m of the money raised from the stamp duty surcharge will go to help home-buyers in England in places where holiday homes have forced up local prices. The Help to Buy (equity loan) scheme in England will also be extended to 2021, one year longer than planned. ...
The tricks to maximising returns on the Help to Buy Isa image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 09:10:39 AM
.... . It follows Help to Buy equity loans (worth up to 20pc of the value of a new-build home to bolster a buyer’s deposit, repayable when the home is sold); and the Help to Buy mortgage guarantee (which provides greater protection for mortgage lenders so they can make more low-deposit home loans). ...
Can we remortgage to pay off the equity loan on our home? image
Source : Guardian [Read Article] Thursday 5th of November 2015 07:00:03 AM
.... The house cost £187,000. We took out a mortgage of £139,600, put down £10,000 as a cash deposit and got a 20% equity loan of £37,400 from the Scottish Help To Buy scheme. ...
Help to Buy has pushed house prices up to £20,000 higher image
Source : Independent [Read Article] Tuesday 22nd of September 2015 03:31:35 PM
....Since its launch in 2013 'Help-to-Buy' has already supported over 100,000 homes purchases across the UK. With the extension of the scheme until 2020, the government will spend up to £6 billion on equity loans and will guarantee up to £12 billion worth of mortgages. ...
Help to Buy fails to stimulate new housebuilding boom image
Source : Independent [Read Article] Thursday 10th of September 2015 12:03:31 AM
....7 per cent since George Osborne’s Help to Buy policy was introduced, belying government claims that the home buying subsidies have stimulated a significant increase in residential construction. The Treasury released statistics on Wednesday showing that since the policy was introduced in April 2013, about 113,000 families have been assisted in buying homes, either through mortgage guarantees or equity loans. ...
Help to Buy scheme hits monthly record image
Source : BBC [Read Article] Wednesday 9th of September 2015 11:34:13 AM
....The number of homes sold under the government's Help to Buy scheme hit a record during the month of June, figures show. Some 4,745 new homes were sold under the equity loan part of the scheme, the highest total since it began in April 2013. ...
Rics: Government failing on housing image
Source : BBC [Read Article] Wednesday 12th of August 2015 11:01:39 PM
....As part of its policy on housing, the government has extended the Right to Buy scheme to those in housing association properties, and launched the Starter Homes Initiative, which will allow young first-time buyers to purchase properties at a minimum discount of 20%. It has also extended the equity loan part of the Help to Buy scheme until 2020. ...
Help-to-buy helps lock out first-time buyers image
Source : Guardian [Read Article] Monday 15th of June 2015 02:10:29 PM
.... But that improvement is proving to be temporary, as the resulting boost to house prices acts to lock other would-be buyers out of the market,” he said. Pointon said it was not possible to see what the equity loan element of the scheme had done to the availability of mortgages, because when buyers borrowed 20% of the purchase price from the government, the mortgage was recorded as a 75% loan. ...
Can we use Help to Buy to purchase our council house? image
Source : Telegraph [Read Article] Monday 8th of June 2015 09:05:39 AM
.... . • Help to Buy equity loan borrowers face rate traps . ...
Bellway leads housebuilders lower despite positive update image
Source : Guardian [Read Article] Friday 5th of June 2015 11:28:43 AM
....It warned that labour constraints across the industry remained a concern but still expected 850 more completions this year than in 2014. It has sold its interest in 2376 shared equity loans for £32. ...
Help needed to understand help-to-buy schemes image
Source : Guardian [Read Article] Thursday 16th of April 2015 06:00:10 AM
....A What happens after five years of buying a home with the Help-to Buy-scheme depends on which type of help-to-buy assistance you go for. With your 5% deposit of £15,000 on a house costing £300,000, you can choose between the mortgage guarantee and the equity loan schemes. ...
Is this really the right time for a Right to Buy comeback? image
Source : Independent [Read Article] Tuesday 14th of April 2015 10:22:41 PM
.... How does this relate to Help to Buy?. Help to Buy is an entirely separate scheme dreamed up by the Coalition which offers state equity loans for first-time buyers with small deposits and a mortgage guarantee for both first-time buyers and home movers. ...
Help-to-Buy Isa: Government's new initiative for first-time home owners image
Source : Daily Express [Read Article] Sunday 22nd of March 2015 11:46:00 AM
....Its two Help-to-Buy schemes have proved to be very popular. The first, known as the equity loan scheme, helps first-time buyers and home movers buy a new-build property worth up to £600,000. ...
Help to Buy equity loan borrowers face rate traps image
Source : Telegraph [Read Article] Saturday 21st of March 2015 12:07:42 PM
. Thousands of homeowners who used the Help to Buy equity loan scheme two years ago could be forced onto a high interest rate or left with little equity in their property when their fixed deals come to an end. ...
First-time-buyer bonus lifts housebuilders image
Source : Reuters [Read Article] Thursday 19th of March 2015 07:46:50 AM
. The government announced it would top up first-time buyers' savings to help them buy a home on Wednesday, building on the success of its "Help to Buy" equity loan scheme that has boosted the property market since it was unveiled two years ago. ...
'Can I remortgage an expensive equity release loan?' image
Source : Telegraph [Read Article] Friday 6th of March 2015 02:25:35 PM
. Just over 10 years ago my parents took out a £40,000 equity loan against their mortgage-free house via Northern Rock. ...
Time for housebuilding action to match the talk image
Source : Telegraph [Read Article] Saturday 28th of February 2015 03:56:46 PM
.... The Government’s “Help to Buy” scheme was supposed to spur house-building. Yet by further fuelling demand, at least for those with a chunky deposit, such state-sponsored home equity loans have probably polarised the market even more. ...
OECD warns George Osborne over weak housing construction image
Source : Independent [Read Article] Wednesday 25th of February 2015 12:53:15 AM
....Official figures last week showed quarterly new housing starts in England fell by 20 per cent in the second half of 2014. The Independent revealed earlier this month that the Treasury’s internal analysis warned in 2013 that the Government’s Help to Buy equity loans would have little impact on new  home construction levels. ...
Bovis ramps up building as house prices continue to rise image
Source : Telegraph [Read Article] Monday 23rd of February 2015 04:08:01 PM
.... The Help to Buy scheme has also driven sales by improving access to mortgages for buyers with low deposits. The mortgage guarantee for buyers with a 5pc deposit ends in December 2016, while the government-backed equity loans for buyers of new homes has been extended until 2020. ...
Collapse in new housebuilding heaps pressure on ministers image
Source : Independent [Read Article] Friday 20th of February 2015 01:18:38 AM
.... The total number of homes begun in 2014 was 136,120 – up from a low of 86,180 in 2009 but still well below the 250,000 that are needed each year to meet rising demand. Treasury advice from 2013, when the Help to Buy policy was being formulated, predicted that the equity loan element of the scheme would have “a limited impact on housing supply since most of the sales are likely to be for homes which would have been built anyway”. ...
Help to Buy: who has it really helped? image
Source : Independent [Read Article] Friday 6th of February 2015 01:18:48 AM
.... In his Budget speech on 20 March 2013, he announced what he described as “a dramatic intervention to get our housing market moving”. First, he turbocharged the existing government scheme offering state equity loans to first-time buyers purchasing newly constructed houses. ...
Chancellor ignored advice from Treasury to launch Help to Buy scheme image
Source : Independent [Read Article] Thursday 5th of February 2015 08:13:30 PM
....7 million people are believed to be waiting for social housing across England . But Treasury advice from two years ago, when the policy was being formulated, predicted that such equity loans “will have a limited impact on housing supply since most of the sales are likely to be for homes which would have been built anyway”. ...
Source : Independent [Read Article] Monday 10th of November 2014 11:27:29 PM
....5p, or nearly 20 per cent, to 95p as Quindell set out more detail on the dealings by chairman Rob Terry, finance director Laurence Moorse and non-executive Steve Scott – described by City pundits as “jiggery-pokery”. The trio have taken out loans secured on their own shares from equity loan firm Equities First Holdings (EFH) to fund more purchases of Quindell’s shares, which they believe are “materially below” true worth. ...
The £100,000 mortgage that cost £250,000 - equity release complaints rise image
Source : Telegraph [Read Article] Tuesday 21st of October 2014 10:20:45 AM
.... . Industry body the Equity Release Council said while complaints are rare, borrowers should only opt for an equity loan with regulated lenders. ...
Mapped: Help to Buy - Who is it really helping? image
Source : Telegraph [Read Article] Monday 6th of October 2014 05:00:55 AM
.... . Launched in October 2013, Help to Buy II differs from the earlier phase of the programme which provided equity loans for first-time buyers looking to purchase new-build homes. ...
Barratt Developments profits double image
Source : BBC [Read Article] Wednesday 10th of September 2014 06:42:01 AM
....The government launched the Help to Buy scheme in April 2013, initially to help people buy newly-built properties. It was extend in October last year with a second scheme to provide an equity loan of up to 15% of a property's value - up to a limit of £90,000 - to help people onto, or up, the housing ladder. ...
Help to Buy boosts prices and profits image
Source : Independent [Read Article] Wednesday 3rd of September 2014 12:06:17 AM
....Official figures showed 48,393 homes snapped up since the initiative was launched in April last year. Of these, 29,829 were made through the equity loan part of the scheme where the Government tops up buyers’ deposits, and 18,564 through guarantees to £2. ...
London and south-east grab the lions share of Help to Buy image
Source : Guardian [Read Article] Tuesday 2nd of September 2014 12:17:11 PM
....Although London and the south-east together accounted for 3,470 Help to Buy mortgage guarantees, or 19% of completions through the scheme, this was well below 36% of the total mortgage market the area accounted for. In eight London boroughs there have been no properties bought through the equity loan part of the scheme. ...
Nearly 50,000 use Help to Buy - with only 3pc of 'phase two' money taken image
Source : Telegraph [Read Article] Tuesday 2nd of September 2014 10:08:03 AM
.... . The figures include both the Help to Buy equity loan scheme which was opened in England in early 2013 and the UK-wide Help to Buy mortgage guarantee scheme, which was made available last autumn. ...

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