Experts are already warning that first time home buyers could risk paying a premium under the new 95pc mortgage scheme. More education is needed to help buyers make informed decisions on the biggest investment of their life. At the same time, Fintech innovation can help solve this.
We welcome the news about the government’s support for first-time buyers, as outlined by the recent UK budget. With house prices continuing to outpace people’s salaries, there’s so much help that’s needed to get many people – especially ‘generation rent’ onto the property ladder.
In a bid to offer greater flexibility to aspiring home buyers and democratise access to the housing market, the government has rolled out a new 95pc mortgage scheme. Under the plans, home buyers will be able to secure properties worth up to £600,000 with just a 5pc deposit. ...