Many buyers using Help to Buy scheme would have bought a home anyway – PropertyWire

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Many buyers using Help to Buy scheme would have bought a home anyway 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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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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Many people who purchased a home using the government’s Help To Buy scheme between 2013 and December 2018 could have bought a home anyway, the national audit office (nao) has said in a report.

The data show that 80% of the people who bought homes using Help to Buy were first-time buyers, and the average purchase price they paid was 229,608. In total, the government’s investment in the scheme is worth 4.6 billion.

Majority of Help to Buy borrowers could have bought without scheme: NAO Just 37% of households would not have been able to buy any property without the scheme. Rozi Jones

Many people who purchased a home using the government’s Help To Buy scheme between 2013 and December 2018 could have bought a home anyway, the. Last month bookmark_border

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