TITLE

Help to Buy could spark 30% surge in house prices

AUTHOR(S)
Brennan, Henry
PUB. DATE
May 2013
SOURCE
Mortgage Strategy (Online Edition);5/7/20123, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the economic risks associated with the Help to Buy scheme of the British government. Specifically, the scheme may increase house prices by nearly 30 percent over the next three years. According to macroeconomic consultancy Fathom Consulting, the scheme offers incentives to lenders to issue mortgages to people who are not eligible for credit. To determine the possible impact of the scheme, two simulations have been conducted by the agency.
ACCESSION #
87604537

 

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