Many people using Help To Buy scheme `could have bought a property anyway Significant numbers of people using the Government’s Help to buy equity loan scheme in England would have been able to.
A new report from the National Audit Office said the scheme had "increased home ownership and housing supply", with the government’s own research saying 37% of households who used the scheme would not have been able to buy a home without it. But the watchdog also found that "many of those using the scheme would have been able to buy a home anyway".
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Help-to-Buy: who it helps, who it doesn’t and will it be extended? It will have cost the State more than 200m by the end of the year, but how does the incentive work?
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Many people who used the Help To Buy scheme could have bought a home anyway. some buyers could have bought a property without the support of Help To Buy, it may not necessarily have been the.
It will help first home buyers. would not have to pay lenders mortgage insurance. Most of those taking up the scheme would probably have bought anyway. Those with access to the Bank of Mum and Dad.
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The Help to Buy scheme has increased home ownership and housing supply but many of those using the scheme would have been able to buy a home anyway, according to a new report from the Government’s spending watchdog.
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Help to Buy has increased home ownership and housing supply. However, most of those using the scheme would have been able to buy a home anyway. Furthermore, buyers have saved less than 1% by using the taxpayer-funded scheme. The damning verdict on Britain’s most expensive housing initiative comes today from the National Audit Office.