Help to Buy: Mortgage Guarantee boosts up high-LTV lending

help-to-buyThe Help to Buy: mortgage guarantee scheme has enhanced first-time buyer lending and higher-LTV mortgages, according to recent reports. The number of 95% LTV mortgages has got twice in overall activity in the first 18 months of HTB mortgage guarantee scheme. However, the reports say that first time buyer and 95% LTV lending activity has been gradually rising. This is the first time this has happened since 2011.

Expert says: “There is no denying that Help to Buy has played an important part in restoring the first-time buyer and high-LTV mortgage market. Soon there will have to be a situation where the high LTV market could easily fall back into decline with the end of HTB mortgage guarantee scheme just over a year away.”

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