Tuesday, 21 June 2016

Homes 'Too Expensive' For Help To Buy Isa Scheme

Would-be-homeowners in large parts of England are being priced out of a government scheme to help first-time buyers, a BBC investigation has found. The Help to Buy Individual Savings Account (HTB Isa) was introduced last year to help people save for a home. In many areas, the average price of a starter home exceeds the maximum purchase cap of £250,000, or £450,000 in London. However, the bonus is only available if the purchase price does not exceed the cap. Housing charity Shelter said it only helped "the lucky few" and the government should focus on building more homes. Read more on the BBC website.

No comments: