Clients Introducers
  • About
    • Our Story
    • Simplify
    • Our Awards
    • Corporate Social Responsibility
  • Services
    • Our Services
    • Direct Conveyancing Service
    • Panel Management
    • eWay
    • Remortgage
  • Careers
    • Why Choose Us?
    • All Vacancies
    • Learning and Development
    • Employee Benefits
    • Meet Our People
    • Policies
      • Our Gender Pay Gap Report
      • Slavery and Human Trafficking Statement 2020/2021
      • Recruitment Privacy Policy
  • Introducers
    • Our Partners
    • Introducer eWay
    • Direct Conveyancing Service
    • Panel Management
    • Lender Services
    • Remortgage
    • Account Management
    • My Home Move My Reward Scheme
  • Clients
    • What is Conveyancing?
    • Client Services
    • eWay Demo
    • FAQs
    • Get an instant quote
  • Premier Property Lawyers
    • Our-in-house Law Firm
    • Contact Details
    • Premier Property Lawyers Website
  • News
  • Blog
  • Contact Us

Doug Crawford, CEO of My Home Move, comments on DCLG’s Help to Buy Equity Loan Scheme data for Q4 2015

March 10, 2016

“In the news we are constantly being reminded of today’s record low interest rates and the competitive mortgage deals on the market, however with ballooning house prices, there is little light at the end of the tunnel for those aspiring to be a homeowner.

“First time buyers are especially missing out in today’s market due to a dwindling supply of housing for sale and shortage of suitable homes. The Help to Buy equity loan scheme has made some headway in addressing this freefall by offering a loan of up to 20% of the property price. From its launch in April 2013 until the end of 2015, the data shows that the majority are taking the maximum loan available. The typical borrower under the scheme has borrowed a fifth of a £220,825 property value – the maximum loan available to them.

“We are now seeing high numbers of those using the HTB scheme also relying on a gifted deposit for the upfront cash required. Our own data showed that 47% of HTB properties were purchased with a gifted deposit last year. Affordability issues are at the core of the struggle to get on the housing ladder, especially in areas with high demand where the average price of new dwellings is rocketing. In Q4 2015 new build properties were priced at £404,000 in the South-East and jumped to £490,000 in London.

“Further action is still fundamental to helping the housing crisis for those who are working hard to become a homeowner and are simply priced out.”

Go Back

LATEST POSTS

My Home Move wins again!

My Home Move Newcastle announce office relocation

My Home Move wins at Mortgage Strategy Awards 2019

Recent Posts
  • My Home Move wins again!

    July 19, 2019
  • My Home Move Newcastle announce office relocation

    May 28, 2019
  • My Home Move wins at Mortgage Strategy Awards 2019

    March 27, 2019
  • Conveyancing powerhouse created as The Simplify Group and My Home Move join forces to become ‘Simplify’.

    February 25, 2019
  • My Home Move wins Negotiator Awards 2018

    December 3, 2018
  • My Home Move wins at the British Legal Technology Awards 2018

    November 2, 2018

Contact us on 0345 234 0230 or email at info@myhomemove.com 2018. My Home Move Ltd.
All rights reserved. Registered in England & Wales No. 03874320
Registered office: 1 Frances Way, Leicester, LE19 1SH
Use of this website signifies your agreement to the Terms of Use and Online Privacy Policy.

© 2016 My Home Move |
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • Acceptable Use Policy
  • Modern Slavery Act
  • HTML Sitemap
  • XML Sitemap
  • Credits
  • About
    • Our Story
    • Simplify
    • Our Awards
    • Corporate Social Responsibility
  • Services
    • Our Services
    • Direct Conveyancing Service
    • Panel Management
    • eWay
    • Remortgage
  • Careers
    • Why Choose Us?
    • All Vacancies
    • Learning and Development
    • Employee Benefits
    • Meet Our People
    • Policies
      • Recruitment Privacy Policy
      • Our Gender Pay Gap Report
      • Slavery and Human Trafficking Statement 2020/2021
  • Introducers
    • Our Partners
    • Introducer eWay
    • Direct Conveyancing Service
    • Panel Management
    • Lender Services
    • Remortgage
    • Account Management
    • My Home Move My Reward Scheme
  • Clients
    • What is Conveyancing?
    • Client Services
    • eWay Demo
    • FAQs
  • Premier Property Lawyers
    • Our-in-house Law Firm
    • Contact Details
    • Premier Property Lawyers Website
  • News
  • Blog
  • Contact Us