Help to Buy featured heavily in the financial press this weekend following the launch of specific mortgage products last week. Experts in the Sunday Times criticised lenders for releasing rates close to or above 5% despite having a Government guarantee in place for 15% of the loan. Brokers in the Telegraph and Sunday Express suggested however that the rates launched so far are competitive and add welcome choice to the small number of deals currently available. Rates are also likely to fall as more lenders enter the market at the beginning of next year. The Times looked at alternatives to Help to Buy, including parental assistance schemes through lenders such as National Counties and Barclays.
What the papers say – 12th and 13th October 2013