Property News · March 11, 2016

Help to buy is riddled with loopholes that the privileged can easily exploit


Rather than find measured and sustainable solutions to the housing crisis, the government has haphazardly built a house of cardsPicture a typical first time buyer. Chances are the image you have is of a young professional couple who’ve spent years scraping together a deposit, and are keen to own the roof over their heads so they can start a family. I’ll hazard a guess that very few people instantly thought of the wife of a 63-year-old Conservative MP: but, according to the Mirror, Peter Bone and his wife Jennie used the government’s help-to-buy scheme to buy a new constituency home, purchasing the £175,000 home in her name, with a £35,000 equity loan from the government. Continue reading…

Source : theguardian.com
Read more…Help to buy is riddled with loopholes that the privileged can easily exploit

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