Monthly Archives: October 2013

Help to BuyHelp to Buy ‘Mortgage Guarantee’ scheme

5% Deposit

90 – 95% LTV products in support of the Government’s Help to Buy scheme. The scheme is open to first time buyer and home movers.

It can be used for existing properties up to maximum purchase price of £600,000 in the UK (England, Wales, Scotland and Northern Ireland).

Applicants must not own or have an interest in any other property, wherever situated (UK or overseas) or whether mortgaged or mortgage free.

You must be purchasing for your own occupation.

Remortgages, Buy to Let, second homes, shared equity / shared ownership, Right to Buy and Guarantors are not eligible for this scheme.

For a personal quotation, please call us on 01489 580020 or contact us today where a qualified adviser can discuss your financial requirements.

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BOEThe Bank of England’s Monetary Policy Committee has held base rate at 0.5 per cent and its programme of quantitative easing at £375bn.

Base rate has remained at its current level since March 2009, when the MPC first voted to cut rates to record-lows in a bid to help stimulate the economy. On the same day the MPC launched its programme of quantitative easing.

The quantitative easing programme was increased by £50bn to £375bn in July 2012, though the committee has voted in factions since then with some members, including former governor Mervyn King, voting in favor of a further increase to the programme.