Budget 2018: UK Finance responds to help to buy extension

Commenting on the Budget 2018, Jackie Bennett, Director of Mortgages at UK Finance, said: The extension of Help to Buy is good news for first-time buyers with low deposits, who will continue to receive vital support when buying a new-build home until 2023.

Commenting on the Budget 2018, Jackie Bennett, Director of Mortgages at UK Finance, said:

The extension of Help to Buy is good news for first-time buyers with low deposits, who will continue to receive vital support when buying a new-build home until 2023.

Commenting on the Budget 2018, Jackie Bennett, Director of Mortgages at UK Finance, said:

The extension of Help to Buy is good news for first-time buyers with low deposits, who will continue to receive vital support when buying a new-build home until 2023.

Last year the number of first-time buyers reached its highest level in a decade, boosted by vital schemes like Help to Buy.

Today's announcement provides further clarity and will bring welcome certainty to the new-build housing and mortgage market. Alongside the stamp duty exemption for first-time buyers on shared ownership properties up to £500,000, this measure will help even more people get a foot on the housing ladder in the years ahead.

Area of expertise:

Mortgages Personal banking

Notes to editor

<p>UK Finance is the trade association formed on 1 July 2017 to represent the banking and finance industry operating in the UK. It represents almost 300 firms in the UK providing credit, banking, markets and payment-related services. The organisation brings together most of the activities previously carried out by the Asset Based Finance Association, the British Bankers? Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.</p>

Tags:

First-time buyers Housing market