MPs Criticise Help to Buy Scheme

A group of MPs has called into question the government’s new flagship mortgage guarantee scheme. In a scathing report, the Treasury select committee has said that the Help to buy scheme, hailed by George Osborne in last month’s Budget as a way to help first-time buyers and prop up house prices, ‘may have a number of unintended consequences’.  MPs said that it was ‘by no means certain’ that the scheme ‘will ultimately be in the interests of first time buyers’, as intended. They also warned that there was no guarantee that increased demand as a result of the scheme would result in increased supply.  Read more on Inside Housing.