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Help to Buy - Government to end mortgage guarantee scheme

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Thu 06 Oct 2016

Help to Buy - Government to end mortgage guarantee scheme

The Government has signalled the end of one of David Cameron’s flagship housing policies, the Help to Buy mortgage guarantee scheme. In a letter to the Bank of England on Thursday the Chancellor Philip Hammond said the scheme would not be extended beyond 2016.
Under the £12bn guarantee the Government stands behind lenders running high-stress 95 per cent mortgages. It has been available to buyers since January 2014.

 

http://www.independent.co.uk/news/uk/politics/help-to-buy-end-date-2016-government-philip-hammond-theresa-may-david-cameron-a7337311.html