Failure to replace the help-to-buy mortgage guarantee
scheme when it comes to an end next year will choke off competition and push
the first-time buyer market back into decline, lenders have warned. The Intermediary
Mortgage Lenders Association (IMLA), which represents firms that market their
products through brokers and advisers, said 65% of its members believed
competition would fall unless a permanent indemnity scheme was brought in to
replace Help-to-Buy 2. Read more on the
Guardian website.
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