The Help to Buy initiative— supplying government equity
loans of 20% to buyers of new homes, who need only chip in a 5% deposit — has
already been extended twice since its introduction in 2013. Back then high loan-to-value (LTV) mortgages
of 95% were rare. Now there are almost eight times as many, with about 300
products on the market. So it was depressing that the Government chucked
another £10 billion at HTB as Tories panic about frustrated homeowners shut out
of the market. Read more on the Evening Standard website.
Thursday briefing: How Michael Gove’s ‘new deal’ for renters went sour
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In today’s newsletter: The renters’ reform bill was meant to address a
spiralling housing crisis, but as a watered-down version finally passes, we
look a...
4 hours ago
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