Going up

Is it too late to mitigate the impact of the impending disaster that is Help to Buy?

As the government prepares to reveal more details of the mortgage guarantee element of the controversial scheme (probably tomorrow), the evidence is already accumulating of the effect of early impact of Help to Buy plus the boost to mortgages delivered by the Funding for Lending scheme.

Mortgage lending is up, asking prices are up for seven months in a row and reservations under the equity loan part of Help to Buy are up by almost three times on the more limited and targeted FirstBuy scheme that it replaced. So too are forecasts of what will happen to prices over the next few years.

Read the rest of this post on Inside Edge, my blog for Inside Housing