Thursday, May 29, 2014

Help to buy numbers are up

Help to Buy: More than 7,000 homes sold under guarantee scheme

But it's still only 1.5% of the market. In the last announcement, HTB2 had only managed around 3000 completions and that was only a couple of months ago. The equity loan is still much more widely used, despite being much less talked about.

Posted by reticent @ 11:53 AM (2805 views)
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3 thoughts on “Help to buy numbers are up

  • 7,000 people helped with hundreds of millions spent? How about benefiting everybody with a tax cut, such as slashing stamp duty and reducing VAT on home extensions and improvements, which would unleash the property market. Did you you know that VAT is paid on the repair of listed buildings but not on alterations to them? That VAT is exempt from new build houses but not house extensions and improvements?

    Enough Marxist re-distribution of wealth to buy votes already. Get your grubby mitts out of our pockets!!

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  • mountain goat says:

    7,000!!!! 1.5% of the market, what is all the fuss about, surely this can’t affect prices?

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  • 1.5% of the market is almost 5% of FTBs. FTBs complete chains.

    But, yeah, it’s obviously small beer. Clearly getting rid of HTB would probably have very little effect. Its announcement may have stoked up a frenzy but scrapping it would probably not have the same psychological effect unless accompanied by other changes in sentiment.

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