Help to Buy: More than 7,000 homes sold under guarantee scheme

Graham_Devon

Amsing reports anyway.

Tories: It's working. Labour created an unsustainable housing boom.

Tories a minute later: Theres no bubble, were still 8% off peak.

That will be the peak of the "unsustainable housing boom" then?

Rinoa

wotsthat wrote: »

Surprised this hasn't had a mention after all it's the first comprehensive data released since the scheme launch.

Graham usually scours the media for all things HTB related. Difficult to see how he missed this one.

And yet he chose not to bring it to our attention.

Maybe he hoped no one would notice.

mayonnaise

I've said it over and over again.

http://forums.moneysavingexpert.com/showpost.php?p=64707121&postcount=1

The Help to Buy scheme and the HPI we've recently seen are totally unrelated.

I guess the usual suspects will never learn and will continue forming their opinion guided by applause levels on Question Time. Oh well.

Thrugelmir

wotsthat wrote: »

I'm sure that's the point of it. Still difficult to get excited about 7000 small loans in the grand scheme of things.

Against this context.

The number of mortgages being approved by High Street banks has fallen for the third month running.

In April, the number of new loans being approved fell to 42,173, from 45,045 in March, according to the British Bankers' Association (BBA).

The figures peaked in January, when more than 48,000 loans were approved.

You wonder if the number approvals would have fallen sooner and lower.

JamesSmith2000

So thats several thousand households going to be struggling in 5yrs when their mortgage payments need to go up so much.