Will Demise Of Help To Buy 2 Squeeze Out FTBs?

First-time buyers are the lifeblood of the mortgage market but could lenders be about to restrict their circulation? A recent 16 per cent fall in the availability of 95 per cent LTV mortgages, coupled with the upcoming end to the Government’s Help to Buy 2 scheme, has led to fears about the long-term health of the sector. Figures released jointly by Moneyfacts and AmTrust International, Mortgage and Special Risks show a decline in the number of 95 per cent LTV products in the market between March and August, from 270 to 225. However, the number of available products remains significantly higher than the 195 in August 2015. So should we be worried about this drop? Read more on the Mortgage Strategy website.