Help to Buy handed billions to households that could already afford a home, watchdog finds

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Almost two thirds of the 211,000 buyers who have used the scheme had enough money to buy a property without it, says National Audit Office

Cyclists lay down as they take part in the Extinction Rebellion protest at the Tate Modern in London, BritainLiberal Democratic Party leader Vince Cable speaks at a launch event for the party's candidates for the European Parliament election in LondonExtinction Rebellion protesters Alan Heath, 55, research scientist, Jen Witts, 38, support worker for vulnerable people, Sian Vaughan 53, retired head teacher, Debbie Rees, 57, Gardener and artist, Kef Shimidzu, 55, tutor and learning support...

 

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The developers are singing “ we’re in the money”.

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Help to Buy has pushed up house prices and helped rich get on the housing ladderTHE Government’s Help to Buy equity loan has pushed up house prices and helped rich buyers purchase more expensive homes. The scheme is supposed to help first-time buyers on the property ladd…
Source: TheSun - 🏆 64. / 61 Read more »