Santander responds to help to buy: equity loan extension
Miguel Sard, Head of Santander Mortgages, Santander said:
“We welcome the news that Help to Buy: equity loan will be extended for a further 3 years. The scheme has got off to a great start, and combined with Help to Buy: mortgage guarantee, has helped bring much needed confidence back into the market. There is now a good choice of affordable housing options on the market for borrowers with smaller deposits, and this improved mortgage availability is benefiting both first time buyers and existing home owners looking to buy a new property.
“Since the introduction of the two Help to Buy schemes the market has opened up, and we need to see how this develops over the course of this year. We continue to support both Help to Buy schemes and will regularly review the impact this is having for our customers and on the housing market, and wider economy.”
