CML chairman calls for Help to Buy exit strategy
Speaking at the Council of Mortgage Lenders’ annual conference the CML Chairman stressed the importance of a planned exit strategy from the Help to Buy scheme. He said that the scheme needed to be time-limited rather than a permanent fixture of the housing market. Chairman Nigel Terrington, CEO, Paragon Group, talked about the need for […]
Help to Buy scheme confusing consumers
The Building Societies Association (BSA) has said that 43% of active first time buyers and other home movers are confused about the benefit the Government’s Help to Buy scheme will give them. Their research showed that 31% of consumers who are looking to buy or move do not know whether there are differences between mortgages […]
Savills predict 25% increase in average prices
In its five year forecast agent Savills has predicted average prices will grow 25% over the next five years with a 17% increase in the next three years alone. The analysis from Savills suggests that the South and East of England will overtake London as the top performing regions. They believe that as confidence improves, […]
Stamp Out Stamp Duty campaign launch
The TaxPayers’ Alliance has launched their Stamp Out Stamp Duty campaign in a bid to ease the burden created by the tax in the 2014 Budget. The non-partisan pressure group hopes to use their influence to force the Chancellor to reduce the burden imposed by Stamp Duty at the 2014 Budget. Their website provides more […]
900 developers for Help to Buy
Housing Minister Kris Hopkins said last week that over 900 builders were planning to offer the Help to Buy equity loan scheme. He urged even more builders to get involved. Over 600 of those signed up are smaller builders, building less than 40 homes. There have been over 15,000 reservations for new build homes since […]