Mortgages: Claim that lenders are failing to support the NewBuy mortgage scheme

Even though it was only launched a few short weeks ago the government’s flagship scheme to help first time buyers seems to have run into trouble. The NewBuy mortgage scheme is supposed to help people with small deposits, particularly first time buyers, buy new build properties. However, the Home Builders Federation (HBF) have voiced concerns that the scheme has not been embraced by mortgage lenders as it should have been and that it is “not at all what was envisaged”. The Executive Chairman of HBF, Stewart Baseley has sent a letter to home builders in which he said that the NewBuy scheme ...

Housing round up: Fall in house prices predicted & 90% mortgage deals

Housing & mortgage round upThis week saw figures released which showed house prices have fallen over the past year and also predictions that prices will continue to fall for the next couple of years. At the same time Barclays has joined other lenders in offering deals which require only a 10% deposit. House prices fall over the past year Data released by the Land Registry has shown that house prices in England and Wales have fallen by 2.6% in the year to September. According ...