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NewBuy scheme

Wed 27 Mar 2013

The Council for Mortgage Lenders (CML) recently announced that the George Osborne, Chancellor of the Exchequer could use the upcoming budget to enhance the popular NewBuy scheme as reported on houseladder.co.uk.

Whilst it is unlikely Mr Osborne will bring back exemptions for Stamp Duty Tax, the CML are behind a move to support the NewBuy scheme by extending it beyond 2015 as it is believed it has already stimulated construction.

The BBC recently reported that home builder Redrow considers that the UK's mortgage market is benefiting from lending schemes, particularly NewBuy.

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