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03/06/2014
EC Calls On UK To Raise Expensive Homes Taxes
The European Commission has urged the United Kingdom to increase inputs on expensive properties, build more houses and adjust the Help to Buy scheme,as part of recommendations the institution offesr each year to members to help ensure long-term growth.
Prioritising capital spending was also among the Europeans body's recommendations. It also described Britain's council tax system as "regressive," due to its being relatively high on lower value properties.
The Treasury said the UK as one of the fastest growing economies would listen to the commission with interest, while the government said the commission's recommendations were "in line" with its own approach.
Although the Help to Buy scheme is designed to facilitate people to get on the housing market, the commission said: "Action is needed to further boost the supply of houses - by creating appropriate incentives to raise supply at the local level.
"The authorities should continue to monitor house prices and mortgage indebtedness and stand ready to deploy appropriate measures, including adjusting the Help to Buy 2 scheme, if deemed necessary."
A Treasury spokesman said: "Figures last week showed Help to Buy has helped thousands of first time buyers on steady incomes buy properties and finally realise the dream of home ownership. It's an aspirational policy that will remain a key part of our economic plan."
(CVS)
Prioritising capital spending was also among the Europeans body's recommendations. It also described Britain's council tax system as "regressive," due to its being relatively high on lower value properties.
The Treasury said the UK as one of the fastest growing economies would listen to the commission with interest, while the government said the commission's recommendations were "in line" with its own approach.
Although the Help to Buy scheme is designed to facilitate people to get on the housing market, the commission said: "Action is needed to further boost the supply of houses - by creating appropriate incentives to raise supply at the local level.
"The authorities should continue to monitor house prices and mortgage indebtedness and stand ready to deploy appropriate measures, including adjusting the Help to Buy 2 scheme, if deemed necessary."
A Treasury spokesman said: "Figures last week showed Help to Buy has helped thousands of first time buyers on steady incomes buy properties and finally realise the dream of home ownership. It's an aspirational policy that will remain a key part of our economic plan."
(CVS)
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Over 27,000 Buy New Home Using Help To Buy Scheme
New data shows that more than 27,000 people across the country have bought a new home through the Help to Buy scheme. New stats show how the Help to Buy is opening up home ownership to thousands and supporting the government’s long term plan to help hardworking people secure a better future for their families.
02 September 2015
Scottish Govt Confirms New Help-To-Buy Scheme
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Scottish Govt Confirms New Help-To-Buy Scheme
The Scottish Government has confirmed it will invest £195m over the next three years on a new shared equity scheme. The project will help some 6,500 households to purchase a new-build home.
11 November 2013
Over 2,000 People Use 'Help To Buy' Scheme
More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending. The applications are backed by a 'decision in principle' by RBS and Lloyds, the first two participating banks, for 95 per cent mortgages. Ten of the 2,384 applications have already completed.
Over 2,000 People Use 'Help To Buy' Scheme
More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending. The applications are backed by a 'decision in principle' by RBS and Lloyds, the first two participating banks, for 95 per cent mortgages. Ten of the 2,384 applications have already completed.
27 September 2013
BoE Asked To Review 'Help To Buy' Scheme Earlier
The Bank of England has been asked to undertake a bigger role in Chancellor George Osborne's 'Help to Buy' housing scheme, with their Financial Policy Committee (FPC) committed to carrying out an annual review, beginning next September. This is a change to an original proposal, which would have seen the FPC assess the scheme after three years.
BoE Asked To Review 'Help To Buy' Scheme Earlier
The Bank of England has been asked to undertake a bigger role in Chancellor George Osborne's 'Help to Buy' housing scheme, with their Financial Policy Committee (FPC) committed to carrying out an annual review, beginning next September. This is a change to an original proposal, which would have seen the FPC assess the scheme after three years.
23 July 2013
Second Home Buyers Excluded From Help To Buy Scheme
The second stage of the Help to Buy scheme will be closed to second home buyers, George Osbourne has said. The Help to Buy scheme was launched four months ago to provide equity loans to people to help buy new homes. The second stage of the scheme is due to begin next January, with buyers needing just a 5% deposit to buy a home.
Second Home Buyers Excluded From Help To Buy Scheme
The second stage of the Help to Buy scheme will be closed to second home buyers, George Osbourne has said. The Help to Buy scheme was launched four months ago to provide equity loans to people to help buy new homes. The second stage of the scheme is due to begin next January, with buyers needing just a 5% deposit to buy a home.
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