Property News · November 20, 2013

Help to Buy scheme out of reach of lower earners, say researchers


Resolution Foundation finds low and middle-income families can’t afford mortgage guarantee across two-thirds of BritainLow to middle-income families are unlikely to be able to use the government’s flagship Help to Buy scheme across two-thirds of Britain, since the monthly mortgage repayment costs would be too expensive, new research shows.The Resolution Foundation thinktank found that even with rock-bottom interest rates, the leap from renting to home ownership will be “too great a stretch for low and modest-income groups,” in an analysis examining the prospects for the scheme designed to help aspirant home owners find the deposit to buy a property. Continue reading…

Source : theguardian.com
Read more…Help to Buy scheme out of reach of lower earners, say researchers

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