Help To Buy To Reduce Interest Rates?

The government’s new Help To Buy scheme is set to boost lending to homebuyers with small deposits could push down interest rates on 95% mortgages to their lowest level since 2008.

The scheme could reduce interest rates for those with only 5% deposit from around 6%- to nearer 4%. In addition there should be far more high loan to value mortgages available.

The scheme is also avalable for home movers and is avalable for properties up to £600,000.