Help To Buy Scheme Is Being Used For ‘Upsizing’

One in five households on the government’s Help to Buy scheme have used it to upgrade their property rather than get on the housing ladder, according to new analysis. More than 32,000 households are believed to have used the programme, which was designed to make buying a first property affordable, to trade up to a bigger home in the past five years. The analysis, by the estate agents Hamptons International, also showed that the rate of non-first-time buyers using the scheme is rising and that they are purchasing more expensive homes than first-time buyers.

https://www.ft.com/content/d8bf0b14-a78e-11e8-8ecf-a7ae1beff35b