LETTING & ESTATE AGENT

Autumn Statement: Osborne to unveil mortgage and Help To Buy ISA details

Autumn Statement: Osborne to unveil mortgage and Help To Buy ISA details

It is anticipated that the government will reveal more details of how it proposes to simplify mortgage fees and make mortgage deals easier to compare, when the Chancellor presents his Autumn Statement at lunchtime today.

Consumer group Which? and the Council for Mortgage Lenders - two groups which have worked with the government on the proposal - have already released some details of a new tariff system, which spells out mortgage fees in a standardised format.

The move comes after Which? warned last year that people could be "paying over the odds" due to complex charges. Which? also said there were 40 different names for fees and charges in use, often for the same service.

More details are expected to be announced today by George Osborne.

It is expected that additional details about the Help to Buy ISA may also be revealed, ahead of its introduction on December 1. 

It was the Autumn Statement about this time last year when Osborne made public his intention to drastically overhaul the stamp duty system.

Estate Agent Today will report on any additional measures which relate to the agency industry.


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