....ok, I may have been slightly misleading with the headline. The original, hugely accepted and successful scheme is staying.
In fact Philip Hammond decision to kibosh mark two of the scheme is due to the raised confidence of the market.
No doubt you are seeing this throughout the country, but I am buoyed when driving in Cheshire and Shropshire to see the amount of concrete underground drainage systems sitting in fields with JCBs keeping them company. The schemes have, and will continue being, major drivers in keeping the residential building products industry moving.
Viva Help to Buy
The chancellor Philip Hammond has confirmed that Help to Buy 2 - the mortgage guarantee scheme - is to close to new loans at the end of the year. Help to Buy 1 - the equity loan scheme, much used by UK housebuilders, is to continue. Help to Buy 2 - mortgage guarantee was introduced in 2013 to increase the availability of high loan to value mortgages