The Help to Buy scheme ends in 2023.
![MBE19: More innovation needed after HTB ends](https://cdn-res.keymedia.com/cdn-cgi/image/w=1000,h=600,f=auto/https://cdn-res.keymedia.com/mortgageintroducer/uploads/2016/07/shutterstock_305305787.jpg)
More innovation is needed when Help to Buy ends in 2023, Daniel Berrisford, business development manager at Leek United Building Society, has claimed.
Berrisford said: “Since the launch of Help to Buy, it has helped first-time buyers.
“But we need more innovation once it goes to help first-time buyers continue to get onto the property ladder.
“I think you’ll see more lenders offer 95% mortgages and I think more innovation will come before Help to Buy ends.
"Our maximum loan-to-value for first-time buyers is 95%."
Graham Carter, head of lending at Beverley Building Society, said that a lot of lenders are offering solutions for first-time buyers such as springboards, guarantors, joint borrowers and sole proprietors.
Carter added: “It’s something the smaller lenders tend to specialise in. I think the first-time buyer market is definitely growing. New builds are picking up nicely.”
Both Berrisford and Carter were speaking at the Mortgage Business Expo taking place at The Barbican Centre today.