Saturday, Apr 01, 2017
Government meddling has made housing less affordable for first time buyers
Just over half of the people who have received taxpayers' money to help them buy a home under a government scheme did not need it, according to research. About 4,000 households in England earning more than Â£100,000 annually are in the Help to Buy Equity Loan scheme. Official figures to December 2016 show more than 20,000 households who are not first-time buyers have been helped. The initiative, which started in April 2013, aims to make buying a home more affordable. But research conducted for the government found 57% of those who signed up to it said they could have afforded to buy without access to the scheme.
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