• insights-banner

    In the press

The Evening Standard and Daily Mail quote Emma Humphreys on Jeremy Hunt's 'one percent deposit' plans

Britons could be allowed to buy a home with just a 1 per cent deposit under plans reportedly being drawn up by Jeremy Hunt ahead of next month's Budget.

The Chancellor is said to be considering a 99 per cent mortgage scheme as the Conservatives 'try and woo younger voters ahead of the general election'.

But some industry figures are now warning of a greater risk of homeowners falling into negative equity, which is where the value of a property falls below the outstanding debt secured on it. They also said plans for 99 per cent mortgages would do little to address the affordability of mortgages themselves, high house prices, or a lack of housebuilding.

Emma Humphreys, Partner in our real estate disputes team, comments for the Evening Standard and Daily Mail:

These proposals would help first time buyers afford a deposit, but they don't fix the issue of affording a home. This growing matter of mortgage affordability would only be exacerbated by 99 per cent mortgages, as more people on the market increases demand and competitiveness.

"This fundamental issue comes back to supply and demand. The Government simply needs to build more affordable housing, rather than announce temporary measures which are sticking plasters covering the real issue.

Read the full articles in the Evening Standard here and the Daily Mail here.

Related coverage:

MSN

Our thinking

  • Women in Leadership: Planning for the future

    Sarah Wigington

    Events

  • Essential Intelligence – UAE Fraud, Asset Tracing & Recovery

    Sara Sheffield

    Insights

  • ‘One plus one makes two': Court of Protection finds conflict of interest within law firm structure

    Katie Foulds

    Insights

  • City AM quotes Charlotte Duly on Tesco’s Clubcard rebrand after losing battle with Lidl

    Charlotte Duly

    In the Press

  • Arbitration: Getting value for your money

    Daniel McDonagh

    Insights

  • Portfolio Adviser quotes Richard Ellis on the FCA's first public findings against former fund manager Neil Woodford

    Richard Ellis

    In the Press

  • eprivateclient quotes Sally Ashford on considerations around power of attorney

    Sally Ashford

    In the Press

  • Michael Powner and Sophie Rothwell write for Law360 on anti-bias protection

    Michael Powner

    In the Press

  • Providing pro bono support on social housing issues

    Susan Field

    Insights

  • Charles Russell Speechlys Partner Promotions 2024

    Bart Peerless

    News

  • Has a new route to recovery opened up for victims of banking payment frauds?

    Katie Bewick

    Insights

  • Charles Russell Speechlys boosts its Real Estate offering with the arrival of Kim Lalli and Rafe Courage

    Kim Lalli

    News

  • Cosmopolitan quotes Sarah Jane Boon on how to deal with break-up admin

    Sarah Jane Boon

    In the Press

  • Property Patter: Building and Fire Safety Miniseries - part 1

    Michael O'Connor

    Podcasts

  • Sex discrimination at work

    Michael Powner

    Insights

  • Daniel Sullivan writes for Law360 on hundreds of 'rogue filings' being lodged via Companies House and advice for affected banks

    Daniel Sullivan

    In the Press

  • The Financial Times, The Guardian and City AM quote Sophie Dworetzsky and Dominic Lawrance on Labour’s proposed tax crackdown on non-doms

    Sophie Dworetzsky

    In the Press

  • The Lawyer covers the launch of our new Advanced Client Solutions team

    Joe Cohen

    In the Press

  • Charles Russell Speechlys expands innovation offering with creation of new Advanced Client Solutions team

    Joe Cohen

    News

  • Why Switzerland is poised to become a prime jurisdiction for families to establish their private trust companies

    Dharshi Wijetunga

    Insights

Back to top