THE Government's Help to Buy equity loan has pushed up house prices and helped rich buyers purchase more expensive homes.
Over the whole scheme, which is only available on new-builds and is not means-tested, 10 per cent of buyers had household incomes of over £80,000, or over £90,000 in London.ONE of the most popular ways to get a foot on the housing ladder, Help To Buy equity loans can be used to buy new-build properties only.
Last year, it was announced that the scheme will be restricted to just first-time buyers from 2021 with lower purchase price limits tailored to regional property markets. A spokesman for the Home Builders Federation said Help to Buy has delivered against its objectives, to increase home ownership, boost housing supply and generate economic activity.