- The “Help to Buy” plan involves the government providing 12 bn pounds in guarantees to encourage lenders to provide mortgages of up to 95% of the value of properties being bought
- This phase was originally scheduled to start in January 2014, but Brititsh PM David Cameron says ” it’s not coming in next year, it’s coming in next week, because I’m passionate about helping people who want to own their own flat or home”
- The Bank of England said this week it’s financial policy committee is to make annual assessments of ‘help to buy’
More: Conservatives bring forward second phase of Help to Buy
