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Halifax to continue 95% lending after Help to Buy end-date

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  • 02/12/2016
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Halifax to continue 95% lending after Help to Buy end-date
Halifax has pledged to continue lending to borrowers with a 5% deposit after the government’s Help to Buy: mortgage guarantee scheme on 31 December.

Full details of the range and policies are yet to be announced and are expected to be revealed this month.

Ian Wilson, head of Halifax Intermediaries, said: “We will share full product details with intermediaries in the coming weeks so they can confidently continue supporting the needs of their clients with higher LTV lending beyond the scheme’s end date.”

Mike Jones, managing director, intermediaries and specialist brands, Lloyds Banking Group, added: “As a leading supporter with 30% of all mortgages in the Help to Buy: mortgage guarantee scheme, continuing to lend to this area of the market is a key part of our commitment to helping first-time buyers on to the property ladder.”

This month, Natwest committed to extending the availability of 95% lending with the launch of two new 95% loan-to-value deals. Unlike the Help to Buy scheme, the property being purchased under the new range does not need to be the customer’s main residence. Additionally, customers can also own or have an interest in other properties after completion, such as buy-to-let properties.

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