Help-to-buy scheme hailed
MORE than 48,000 households have been helped by the Government’s flagship Help to Buy mortgage support schemes.
Compared with total mortgage completions in each region, the Help to Buy mortgage guarantee scheme is supporting a higher proportion of purchases in the North West, the East and Scotland, and a lower proportion where the market has been more heated in London and the South East, figures published by the Treasury indicate.
Paul Smee, director general of the Council of Mortgage Lenders (CML), says: “The scheme is supporting new housing construction, and is being used extensively by first-time buyers to purchase average-priced properties in all par ts of the UK.”
HOMEBUYERS who don’t act fast are facing months of uncertainty in the run-up to next year’s general election and looming interest rate hikes, property experts have warned.
The consistency and buoyancy in the property market over the past few months is unlikely to continue, as the market awaits clarity from political parties on their policies and the impact on property prices.
Sarah Cassidy, founder of Place Estate Agents in Buckinghamshire, says: “If you’re thinking of selling or