Property News · October 3, 2017

May's help-to-buy extension is another boon for housebuilders | Nils Pratley


Throwing another £10bn at the subsidy scheme will do nothing to improve the UK’s underlying housing problemWhen former chancellor George Osborne launched his help to buy housing scheme in 2013, wise heads warned that, once a government starts subsidising mortgages, it will find it hard to stop.So it is proving. Another £10bn is to be thrown at help to buy, the government has said in a supposedly crowd-pleasing announcement. This is a 50% increase on the sum already spent. City analysts calculate it will take until 2027 for all the money to be distributed. For as far as the eye can see, help to buy is here to stay. Continue reading…

Source : theguardian.com
Read more…May’s help-to-buy extension is another boon for housebuilders | Nils Pratley

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