Help to Buy mortgage rates could come down fairly soon

Earlier today we told you about the mortgage rates being offered by banks under the government’s Help To Buy scheme. The second phase of the controversial scheme was launched today.

Now we’ve learnt that some property experts believe those rates could in fact come down in the not-too-distant future.

David Hollingworth of mortgage brokers London & Country has said he believes mortgage rates for Help to Buy will be reduced as and when more lenders join the scheme.

Henry Knight of Springtide capital said he thinks Help to Buy mortgage rates will drop as early as February or March, as he too expects more lenders to join the scheme and increase competition.

The second phase of the government’s Help to Buy scheme launched today.

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