Half of brokers call for Help to Buy cancellation

clock

More than half of mortgage brokers think the government should cancel the mortgage guarantee phase of Help to Buy amid continued criticism of the scheme.

Last week Vince Cable warned that the scheme could cause a house price bubble and joined other critics of the scheme including former Bank of England governor Mervyn King, the IMF and the Adam Smith Institute.

The latest Mortgage Solutions People's Poll asked brokers whether Help to Buy should go ahead as planned or if George Osborne needs to make changes to his flagship scheme.

More than half (51%) of brokers said that the scheme should be cancelled completely while a further 20% felt the government should scale it back in some way.

Just 29% of respondents felt that the scheme should go ahead without any changes.

"Obviously the government is going to have to look at that in the light of the way the market is developing," Cable said last week.

"We should certainly think about how it should come into effect, whether indeed it should come into effect, in the light of changing market conditions.

"We don't want a new housing bubble."

More on Client Acquisition

Video:: How websites convert visits to sales

Speaking at a COVER Breakfast Briefing, sponsored by Unum, Geoff Branch, an account executive at Liveperson, explains how websites overcome inhibitors and convert visits to sales.

clock 29 January 2014 •

Blog: Advisers should not be 'too busy' for protection sales - L&G

Stop talking down sector

Stephen Smith
clock 15 January 2014 •

First Complete to host income protection workshops

The network is hosting the workshops to ensure that every member of the First Complete network is given the tools, knowledge and techniques to serve their clients' protection needs.

clock 07 November 2013 •

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read