Latest News

Buy-to-let mortgages stable despite overall market slowing

13 November 2019

Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter. Read More...

Council of Dragons to advise Government on proptech

11 November 2019

Housing Minister Esther McVey has unveiled a new expert advisory council dedicated to the digital transformation of the property sector. The new Proptech dragons will advise ministers on how to support and grow the sector further, making it easier and cheaper to plan, build and buy new homes. Read More...

Homes England unlocks Help to Buy: Equity Loan calculator

Tuesday 29 October 2019

Brokers and financial advisers will be better able to check the likely success of their clients Help to Buy: Equity Loan applications, following an update to the Homes England sustainability calculator.

The updated calculator shows customers what they can afford to borrow from the outset, resulting in fewer loan applications being declined after the customer has their mortgage offer.

Help to Buy Director Will German said: “Brokers and advisers play a vital role in helping customers to use and understand Help to Buy. We’ve listened to their feedback and have updated the Help to Buy: Equity Loan calculator to help them do more realistic affordability checks for their clients before they formally apply for their equity loan.

“We have unlocked the calculator so they can see, select and enter the most likely follow- on rate from their recommended lender. They can see immediately if it is higher than the current Standard Variable Rate of 4.8 per cent that we apply and can assess affordability more effectively.”

Help to Buy Guide

Propertymark has a Help To Buy guide covering all aspects of the scheme for buyers.

Help to Buy Guide