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UK: Moody’s: Help to buy could trigger house price bubble

Posted on 26 March 2013

The recently announced Help to Buy scheme could trigger a house price bubble as high loan to value lending raises the risk of borrower defaults, however the limited term of the stimulus and housing market fundamentals offsets these risks, Moody’s Investors Service has said.
In this week’s Budget, chancellor George Osborne announced the three-year Help to Buy plan which will involve the government partially guaranteeing up to £130bn of high LTV loans for home purchases. The ratings agency said that it anticipates the majority of high-LTV lending will be eligible for the scheme………………………………………..Full Article: Source


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