Chancellor urged to aid SMEs in the wake of help-to-buy ending
Housebuilders are calling on chancellor Jeremy Hunt to support SMEs following the demise of help-to-buy where first-time buyers could access a mortgage at low-interest rates. The scheme, which only required a five per cent deposit, made up nearly half of all sales for many housebuilders in 2020. However, this figure dropped when it was limited to first-time buyers back in April 2021. New help-to-buy applications closed last month with a deadline of the end of March 2023 for completion of [...]