Halifax Intermediaries has announced it will launch a new range designed to back borrowers beyond the end date of the government’s Help to Buy: mortgage guarantee scheme.
The Government scheme ends on 31st December 2016, but the lender will offer a new range of products for borrowers with 5 per cent deposits.
Full details of the product range and policies will be announced in December.
Halifax Intermediaries head Ian Wilson says: “We will share full product details with intermediaries in the coming weeks so they can confidently continue supporting the needs of their clients with higher LTV lending beyond the scheme’s end date.”
Lloyds Banking Group managing director, intermediaries and specialist brands Mike Jones says: “As a leading supporter with 30 per cent of all mortgages in the Help to Buy: mortgage guarantee scheme, continuing to lend to this area of the market is a key part of our commitment to helping first-time buyers on to the property ladder.”