Help To Buy ‘Helps Those Who Can Help Themselves’

Help To Buy will have tied up some £29bn in cash terms by the time in concludes in 2023 – but the value of what it has achieved is uncertain when many of those helped could have bought anyway, a Commons report reveals. The Public Accounts Committee (PAC) says Help To Buy has not made homes more affordable or addressed other pressing housing problems such as the planning system and homelessness. In June, the National Audit Office released its own report into Help To Buy that found almost a third of buyers could have purchased a property they wanted without the help of the scheme. Read the PAC report on the Parliament website.

https://publications.parliament.uk/pa/cm201719/cmselect/cmpubacc/2046/204602.htm