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Housebuilders unconvinced by government mortgage support


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Late yesterday, the UK government announced it would extend its Mortgage Guarantee Scheme which encourages lenders to offer 95% loan-to-value mortgages to first-time buyers.

It’s been around since April 2021 and can be used to finance house purchases costing up to 600,000 pounds. It was supposed to stop at the end of this year but will now continue until the end of 2023. It comes as lenders report falling house prices in the face of rising mortgage interest rates and a squeeze on buyers' disposable income.

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  • 3 weeks later...
On 10/01/2023 at 01:19, lyngrefrath said:

The government should motivate companies to build new houses, and offer favorable conditions for people to buy a house.


It is impossible for the average person to save for a house, so most people take out mortgages in order to buy a house. I am not from a rich family, so I too took out a mortgage and bought my house. I got the money on good terms because I partnered with Mortgage Advisor Leicester. These guys know all about mortgages, and they helped me get the money at a low interest rate.

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