Help-to-buy scheme hailed

Buckinghamshire Advertiser - - BUCK ADVERTISER -

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

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