The announcement is a desperate measure and will not inject the mass stimulus the market needs. I suspect it will create a mini-rush in the final two months of the scheme. This will create logjams for lenders, brokers, accountants and solicitors.
Surely what is needed is constant stimulus for the market, not a peak and trough approach.
Once again, like Home Information Packs which are a disaster, the government has had time to produce remedies to problems in the housing market but has only come up with a mish-mash, having taken little or no advice from professionals at the sharp end of the sector. When will it learn?
Chase Evans HomeLoans