Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Help to Buy could boost house prices

Houses prices could be driven up under the Help to Buy scheme rather than seeing more first time buyers acquiring mortgages.

The Office for Budget Responsibility (OBR) has said that this scheme is only likely to drive up house prices.

Chancellor George Osborne announced the Help to Buy scheme in the Budget on March 20th. Under the scheme, buyers who place a deposit of between five and 20 per cent on a house worth under £600,000 could gain an interest free mortgage on up to 20 per cent of the value of their house.

He also said that the government would be able to help guarantee mortgages for people who are unable to provide large deposits.

The scheme was unveiled to boost movement in the property market and the construction sector. However, if house prices are driven up then it will still be difficult for first time buyers to enter the market.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801563486-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide