News

Former Council of Mortgage Lenders Director General says the Government’s £130bn Help to Buy mortgage indemnity guarantee scheme is unlikely to gain support from lenders and boost the housing market. Read more »

Barratt has reported an increase in reservations for its homes following the launch of the Government’s Help to Buy scheme at the start of last month. Read more »

A think-tank has launched a paper calling for a land value tax to help deliver a ‘house-building revolution’. the Centre for Labour and Social Studies suggests this could replace business rates and stamp duty and should be levied on all land except where it lies under people’s homes. Read more »

House prices changed little in April, declining by 0.1% compared to March, after taking account of usual seasonal effects. Read more »

Lots in the news today about interest-only mortgages. The Financial Conduct Authority has published its research into consumers’ ability to repay these mortgages when they mature. Read more »

Halifax has made the following changes to its product range: Read more »

The Chairman of the Council of Mortgage Lenders Nigel Terrington has highlighted concerns that the Government’s intervention in the mortgage market could amount to no more than throwing money in the wrong direction. Read more »

A piece in today’s Daily Telegraph talks about how there are signs that more first time buyers are looking to buy their own homes, five years after the crash in the mortgage market. Read more »

It was announced this week the the Funding for Lending Scheme is to be extended by one year. Read more »

There is concern that the Government could face ‘large losses’ under its Help to Buy scheme because it has failed to take into account the “unintended consequences” of the scheme. Read more »