A third of working private tenants cannot afford to take
advantage of three government flagship schemes to help them own a home, a study
by the housing charity Shelter reveals. The help-to-buy, starter homes and shared
ownership schemes are too expensive for more than 830,000 of the “treadmill
families” for whom they were intended, according to an analysis of the official
family resources survey and data on households with below average income.
Help-to-buy allows people to buy with a 5% deposit and a government equity loan
of 20% of the price, while starter homes are sold at a 20% discount to
under-40s. Shared ownership allows them to buy 25-75% of a property and pay
rent on the rest. Read more on the Times website.
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Opposition MPs criticise changes to renters’ reform bill, which cast doubt
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Rishi Sunak and Michael Gove have been accuse...
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