Petition Extend the "Help to Buy: Mortgage Guarantee" scheme until at least December 2017

The governments "Help to Buy: Mortgage Guarantee" scheme is due to end in December 2016. This allows buyers (not just 1st time) to put down a 5% deposit with the next 20% of the mortgage guaranteed by the government; this give lenders additional security against people defaulting on their mortgage.

More details

Since the start of the scheme around 73,726 houses have been purchased with support from the scheme; of which 79% have been first time buyers. (Stats from www.gov.uk)

Extending this scheme would allow thousands more people the opportunity to purchase their first house in times when getting a large lump sum of cash for a deposit over 5% can be extremely difficult.

Additional information about how the scheme works can be seen here:
www.helptobuy.gov.uk/mortgage-guarantee/how-does-it-work/

This petition is closed This petition ran for 6 months

131 signatures

Progress of the petition towards its next target: 131 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 5 November 2016
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