Thursday, 21 January 2021

Government Loses £395,000 On Help To Buy Loans

Homes England, the government’s administrator of the Help to Buy programme, has revealed that the government had lost £395,000 across 119 Help to Buy loans redeemed by leaseholders in properties covered in aluminium composite material (ACM). The revelations come despite fears in the immediate aftermath of the Grenfell Tower tragedy that the government could be forced to write off millions of pounds of taxpayers’ money invested in the Help to Buy scheme through leaseholders redeeming their loans on a much-reduced property value due to the presence of ACM on their blocks. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/government-loses-395000-on-help-to-buy-loans-for-flats-in-acm-clad-blocks-69240?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60

No comments: