Ed Balls warns Help to Buy will squeeze out first-time buyers

Shadow Chancellor Ed Balls has warned the government’s Help to Buy scheme will make it harder for would-be first-time buyers to get onto the housing ladder.

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In a speech at the Labour party conference, Balls joined Liberal Democrat business secretary Vince Cable and former Bank of England governor Mervyn King in criticising Chancellor George Osborne's flagship scheme.

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Half of brokers call for Help to Buy cancellation

More than half of mortgage brokers think the government should cancel the mortgage guarantee phase of Help to Buy amid continued criticism of the scheme.

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Vince Cable calls for Help to Buy rethink

Business secretary Vince Cable has called on his own government to consider whether the second stage of the Help to Buy scheme should go ahead.

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Recent figures released by the Halifax said the first part of Help to Buy, the equity loan, and the Funding for Lending Scheme had already sparked the biggest rise in house prices since 2010.

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Three-fifths of lenders predict broker decline post-MMR

Intermediaries’ market share fell by nearly 14% last year with lenders expecting a further decline post-Mortgage Market Review, Avelo research has found.

The survey of major mortgage lenders found 30% of mortgages were sold through branches, compared to 22% in 2012.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2293972/threefifths-of-lenders-predict-broker-decline-postmmr

Osborne: High LTV mortgages not ‘exotic weapons of financial mass destruction’

Chancellor George Osborne has once again issued a vigorous defence of the government’s Help to Buy scheme, saying that high LTV mortgages should not be seen as ‘exotic weapons of financial mass destruction’.

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