Are FTBs At Risk Of Government Induced Negative Equity?

According to new data, the Government’s Help to Buy scheme has hugely overheated resulting in massive profits for the big house builders that have taken advantage of the scheme. However, a collapse could leave hundreds of thousands of homeowners in negative equity. The average first-time buyer house price is £236,000, however, those buying through the Help to Buy scheme are forking out a staggering £298,927 – a different of £62,927. This deficit has been increasing each quarter and the now leaves many in danger of negative equity should the housing bubble burst and prices plummet. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/finance/are-ftbs-at-risk-of-government-induced-negative-equity.html