Thursday, 4 October 2018

Help To Buy Scheme Is Not Working As It Should, Housing Minister Admits


The Government's flagship scheme to help people onto the housing ladder is being used for purchases ministers do not wish to fund, the Housing Secretary has admitted. James Brokenshire said Help to Buy equity loans were financing the acquisition of leasehold properties, which can see householders saddled with large annual "ground rent" payments. In an interview with The Sunday Telegraph, Mr Brokenshire said the Government was "reflecting carefully" on the scheme and would make an announcement soon on "the next steps". Read more on the Daily Telegraph website.

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