First time buyers in the UK are racing to beat the end of
year deadline for the Government’s Help to Buy mortgage guarantee scheme, before
it closes at the end of December, with more valuations being carried out. In
September the number of valuations for first time buyers rose by 18.7% on an
annual basis. Data also show that remortgaging valuation activity rose 14.7%
year on year and despite huge turmoil in the buy to let market over the last 12
months, there has been such a large increase in activity in this segment of the
market over the last two months that valuations are 0.4% up on last year. Read
more on Property Wire.
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