Tuesday, 13 March 2018

Reform Help To Buy To Encourage More Homes Over Profit

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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