The Chancellor is to give all first time buyers up to £3,000 when they save towards their deposit into a Help to Buy Isa to buy a home.
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Category Archives: Help to Buy scheme
Data from the CML shows that 52% of first time buyers received financial help from the ‘bank of mum and dad in 2014 to buy their first home.
The government’s Help to Buy scheme finishes at the end of 2016 and should be replaced to ensure competition in the housing market.
Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.
Data released from the ONS shows the cost of buying a home for first time buyers has increased by 11% over the year.
The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.
New powers would allow Bank of England to limit loan-to-value percentages on mortgages to prevent a housing bubble.
Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.