It is good to see a lot of major lenders are continuing to lend at 95% even after the government will be discontinuing the help to buy after December 2016.
Halifax Intermediaries today announced plans to continue supporting mortgage borrowers beyond the end date of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016.
The lender will offer a new range of products for borrowers with deposits of 5%, with full details of the new product range and policies to be announced in December.
More : Halifax: house price inflation plateaus in July
Ian Wilson, Head of Halifax Intermediaries, said:
“We will share full product details with intermediaries in the coming weeks so they can confidently continue supporting the needs of their clients with higher LTV lending beyond the scheme’s end date.”
Mike Jones, Managing Director, Intermediaries and Specialist Brands, Lloyds Banking Group, said:
“As a leading supporter with 30% of all mortgages in the Help to Buy: mortgage guarantee scheme, continuing to lend to this area of the market is a key part of our commitment to helping first-time buyers on to the property ladder.”