News article 8/10/2013

(Issued 8 October 2013)

Home building industry body Homes for Scotland welcomed today’s Treasury Help to Buy: mortgage guarantee announcement as an additional boost to the housing market.

Chief Executive Philip Hogg said:

“With the Help to Buy (Scotland) shared equity scheme and our own MI New Home 95% mortgage guarantee already in place, today’s announcement highlights that the new build market offers the widest range of help for those looking to realise their home ownership aspirations. Increasing the range of options available to purchasers, we hope these initiatives will help stimulate the building of more homes, now at its lowest level in 70 years, and reverse the downward trend of the last five years."

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