• 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

  • IBA Annual Conference 2024

    Charlotte Ford

    Events

  • Record number of leading individuals for Charles Russell Speechlys in Chambers High-Net-Worth 2024

    Piers Master

    News

  • Collateral Warranty and Third Party Rights: Everything You Need to Know

    Chris Marks

    Insights

  • Supreme Court overturns Court of Appeal decision: Statutory adjudication will not apply to a typical collateral warranty

    Kevin Forsyth

    Insights

  • IET’s new revision 7 of the Model Form of Contract (MF/1): What has changed?

    Melanie Tomlin

    Insights

  • From Manchester to the Metaverse: How United’s Roblox Rollout Could Help Drive Fan Engagement

    Shennind Awat-Ranai

    Insights

  • FCA announce new UK Listing Rules coming into force on 29 July 2024

    Jodie Dennis

    Quick Reads

  • New UK Listing Rules to be implemented 29 July 2024

    Victoria Younghusband

    Insights

  • Darren Bailey and Frédéric Jeannin write for City AM on geopolitical risk and challenges posed to Paris by staging the Olympic Games

    Darren Bailey

    In the Press

  • What did the King’s Speech say about reform of leasehold and the private rented sector?

    Laura Bushaway

    Quick Reads

  • Inside Housing quotes James Walton on the potential financing impact of delays at the Building Safety Regulator

    James Walton

    In the Press

  • IFLR quotes Victoria Younghusband on new UK listing rules unveiled by the FCA

    Victoria Younghusband

    In the Press

  • Bloomberg quotes Sarah Jane Boon on plans announced in the King’s speech to press ahead with the tax hike on UK private school fees

    Sarah Jane Boon

    In the Press

  • CoStar quotes Claire Fallows and Ben Butterworth on some of the key real estate issues addressed in the King's Speech

    Claire Fallows

    In the Press

  • “We want prenup! We want prenup!” (Yeah!)

    Cara Fung

    Quick Reads

  • Charles Russell Speechlys reports domestic and international growth across all practice areas

    Simon Ridpath

    News

  • Cyber Co-ordination 2024 - new MOU on co-operation between EBA, ESMA, EIOPA and ENISA

    Mark Bailey

    Insights

  • The EU AI Act: A Beginner’s Guide for UK and International Businesses using AI

    Janine Regan

    Insights

  • James Walton writes for the Evening Standard on whether the Government can expect a return on its new National Wealth Fund

    James Walton

    In the Press

  • ADGM Court holds that NMC can bring fraudulent and wrongful trading claims retroactively

    Nicola Jackson

    Quick Reads

Back to top