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.
Country diary: The challenge of making a thatched roof pine-marten proof |
Tom Allan
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*Glenisla, Angus:* Damage by squirrels is common; the mustelid less so.
Still, as a local told me, ‘you cannae blame them wanting somewhere to live’
That...
1 day ago
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