Help To Buy An ‘Unmitigated Success’

A report by the Home Builders Foundation, whose members include the UK’s biggest housebuilders, highlighted that 170,000 households have used the scheme since its launch in 2013 and of these 81% were first time buyers. “It is quite clear that the Help to Buy scheme has been an unmitigated success and has delivered handsomely on all its objectives,” said Stewart Baseley, chair of the HBF. The HBF said it is estimated the scheme has helped around 246,000 people get on the housing ladder and rejected the idea it is helped more people on higher incomes than intended. Last year the median household income for those using the scheme was £49,000. The UK’s overall median household in 2017 was £27,300. Read more on the HBF website.

https://www.hbf.co.uk/news/help-buy-unmitigated-success/