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Government schemes

If you are a first-time buyer struggling to get onto the property ladder, a council tenant or a member of the armed forces looking to buy a home, help from Government may be available.

There are a number of government housing schemes, ranging from NewBuy to Firstbuy to Right to Buy, which offer a range of loans and discounts to eligible citizens. Note that you will alwys have to go via an intermediary and take mortgage advice before gainign access to a Government scheme.

It makes particular sense to listen to mortgage advice in these circumstances, as these schemes tend to be relatively complicated.

You might want to use our mortgage calculators before you start, to find out how much you can afford to borrow overall, and what your mornthy mortgage repayments might be.

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Govt must ditch ‘sound bite’ mortgage policies - CML

Council of Mortgage Lenders chairman Nigel Terrington has called on the government to move away from ‘sound bite’ mortgage policies.

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Principality BS topped £1bn in mortgage lending in 2012

Principality Building Society has announced record mortgage lending figures for 2012, with the society topping £1bn in mortgages for the first time.

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First-time buyer interest sparked by Government scheme

First-time buyers are visiting new-build sites in increasing numbers because of the government’s FirstBuy scheme, one of Britain’s largest constreuction companies has reported.

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Land registry: house prices rising

House prices rose both on the month and on the year in November 2012, according to the latest Land Registry House Price Index.

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Queen brands FSA 'toothless'

The Queen has spoken about "lax" City workers and a banking regulator which "didn't have the teeth" to intervene as she discussed the causes of the financial crisis during a visit to the Bank of England

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First-time buyer lending up

The number of first-time buyers taking out a mortgage in October increased by 20%.

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NewBuy and higher LTVs drive home reservations up

NewBuy-led access to higher loan to value mortgages has driven up reservations for new homes, a leading property developer has reported.

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UK's credit rating at risk after George Osborne's debt failure

Britain could lose its AAA credit rating after George Osborne admitted he will miss his target to reduce Britain's debts and have to borrow an extra £100bn.

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Brits still dream of homeownership

Brits still aspire to be a nation of homeowners according to Clydesdale and Yorkshire Banks.

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Nationwide hits highest lending levels in four years

Nationwide Building Society’s lending to first-time buyers has doubled in the first six months of the financial year and has reached its highest level of lending in four years.

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London first-time buyer numbers hit 3-year high

The level of first-time buyers in London hit a three-year high in the last quarter, despite the affordability issues faced by many in the Capital.

new

Halifax receives 1,000 NewBuy applications

Halifax has passed the 1,000 mark for NewBuy applications, seven months after the lender launched its products as part of the scheme.

Short-term economic outlook remains 'confusing'

Housing market recovery seven years off

The UK housing market will not fully recover to pre-crash levels until 2019, according to a report released by Knight Frank.

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Regulator holding back mortgage market

The Financial Services Authority (FSA) has been accused of restricting a recovery in the mortgage market.

new

Welsh government to launch NewBuy-esque scheme

The Welsh government is to fund a mortgage guarantee scheme to support the purchase of new build homes by struggling buyers.

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