Help to buy needs to be dramatically reformed in order to
stop housebuilders from using it to boost their profits irrespective of how
many homes they build, according Avant Homes. The scheme, which is intended to
support would-be first time buyers in their efforts to get on the housing
ladder, must be dramatically changed in order to encourage a “social
conscience” among housebuilders, the housebuilder said. An average of 39pc of the
new homes sold by top national housebuilders in 2016 were purchased with Help
to Buy and yet the same housebuilders increased their volumes on average by
only 6pc over the same period, Avant claimed. Read more on the Daily Telegraph
website.
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