The government’s Help to Buy scheme could be ditched amid
fears it is pushing up house prices and helping wealthy people upgrade their
homes. Ministers are reportedly planning a “fundamental review” of the policy.
It may be replaced by a scheme “more targeted on those it is meant to be
helping”. It comes after research showed one in five households taking
advantage of Help to Buy used the scheme to upgrade their existing home, rather
than use the money to buy a first property.
Read more on the Independent website.
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