Wednesday, 12 March 2014

Rising House Prices Will Derail Help to Buy

Large numbers of mortgage lenders and brokers are predicting part of the government's Help to Buy scheme will be withdrawn early because it is artificially inflating house prices, according to an industry survey. Research by the Intermediary Mortgage Lenders Association (Imla), a group made up of banks and building societies that offer loans through brokers, found growing concerns that rising house prices could cause the chancellor to pull the plug on the part of the scheme that guarantees 95% home loans before the end of its planned three-year term. Read more on the Guardian website.

No comments: