A doubling in the takeup of Help to Buy mortgage loans
was hailed by David Cameron as a much-needed boost for hard-pressed homebuyers.
The prime minister said the Treasury-backed mortgage guarantee scheme attracted
4,000 applicants last month compared with 2,000 in November. With Barclays and
Santander preparing to sell Help to Buy-compliant mortgages this month, joining
Lloyds, Royal Bank of Scotland and HSBC, the scheme is expected to expand
rapidly this year. Cameron said the 6,000 applicants would need £1bn of state
support, though only 750 transactions had so far been completed. He said:
"The new year is often a time when people look to make those big
life-changing decisions like moving home or taking that first step on the
housing ladder. Read more on the Guardian website.
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