Property News · February 29, 2016

Starter home buyers could receive £141,000 windfall from taxpayers


Scheme will benefit 200,000 buyers but prevent 2 million more from getting on housing ladder, campaigners sayThe government’s starter homes initiative could deliver a taxpayer-backed windfall of £141,000 each to 200,000 lucky first-time buyers, but 2 million more aspiring homeowners will be stuck renting, campaigners say.The scheme, which allows developers to replace shared ownership and affordable rented homes with properties sold at a 20% discount, has been widely criticised since it was first announced in December 2014. One of the key concerns for housing campaigners is that the homes can be sold on at the open-market rate after five years. Continue reading…

Source : theguardian.com
Read more…Starter home buyers could receive £141,000 windfall from taxpayers

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