- The government used last month’s Budget to announce it would be extending the shared equity element until the end of the decade.
- The most important news for HTB2 is that there was no news at Budget time – George Osborne did not announce an extension for HTB2 in fact a Treasury spokesperson was quite explicit in their statement that the original three-year term for this part of the scheme remains in place.
- There is clearly a circle that could be broken if we do not retain and maintain a credible high LTV mortgage marketplace. We should be in no doubt about the impact HTB has had on the increased supply of 90/95% mortgages – not just from participating lenders but those who have been given the confidence to compete from outside the scheme
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