Help To Buy Sugar-Rush Reveals Government’s Out Of Ideas On Housing

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.