Help To Buy Scheme Yet To Prove Worth, Says NAO Report

Help To Buy has increased home ownership and housing supply, but many of those using the scheme would have been able to buy a home anyway, according to a report by the National Audit Office (NAO) which has questioned the scheme’s overall value for money. According to MHCLG’s own independent research, 37% of households would not have been able to buy any property without the scheme. The research also found around 60% of buyers could have bought a property without of Help To Buy. It also highlighted that 65,000 households could have purchased a property they wanted without the scheme. Overall take-up of the scheme is said to have been low in less affordable areas where the ratio of house prices to average earnings is higher. Read more on 24housing.

https://www.24housing.co.uk/news/governments-help-to-buy-scheme-yet-to-prove-worth-says-nao-report/