Banks uncertain on early Help to Buy launch
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Business
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The government plans to revive the economy by launching a home loan guarantee scheme earlier than expected. However, banks like Lloyds and RBS are not ready due to lack of information. Barclays is optimistic but awaits further details. Experts suggest that once the government finalizes the scheme, others will follow. Halifax is expected to announce mortgage rates, with 95% loan-to-value mortgages anticipated.
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What did Barclays say regarding their participation in the new scheme?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
When is the government expected to provide further details about the mortgage rates?
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