Flagship government schemes to help more people get on
the UK housing ladder have little impact on improving social mobility as
better-off buyers are most likely to benefit from the support. A new report
published by the Social Mobility Commission into the impact of low-cost home
ownership schemes found that those benefitting from schemes - such as Help to
Buy - earn more than one and a half times the national working age median
income. Around 3 in 5 first-time buyers said that they would have bought anyway
and that the scheme merely enabled them to buy a better property, or one in a
better area, than they were originally looking for. Download the report from
the Gov UK website.
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