{"id":104637,"date":"2019-03-03T14:00:05","date_gmt":"2019-03-03T07:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-has-had-its-day-time-to-tax-the-builders-and-close-the-scheme\/"},"modified":"2019-03-03T14:04:12","modified_gmt":"2019-03-03T07:04:12","slug":"help-to-buy-has-had-its-day-time-to-tax-the-builders-and-close-the-scheme","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-has-had-its-day-time-to-tax-the-builders-and-close-the-scheme\/","title":{"rendered":"Help to buy has had its day. Time to tax the builders and close the scheme"},"content":{"rendered":"


\nOsborne\u2019s plan to assist first-time buyers has created colossal windfall profits. The Treasury deserves some of that moneyIf the major banks \u2013 rather than housebuilders \u2013 were the chief beneficiaries of the government\u2019s help-to-buy scheme, the financial regulator would probably list it as a scam. Ministers would be up in arms and bankers would again be the pariahs they were in 2008.Help to buy is a government scheme that supports the purchase of a newbuild home. It was launched in 2013 and given a reboot last year that will now allow it to run until 2023. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Help to buy has had its day. Time to tax the builders and close the scheme<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Osborne\u2019s plan to assist first-time buyers has created colossal windfall profits. The Treasury deserves some...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104637","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rdH","jetpack-related-posts":[{"id":65568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-scheme-aids-some-buyers-but-boosts-builders-even-more\/","url_meta":{"origin":104637,"position":0},"title":"Help-to-buy scheme aids some buyers, but boosts builders even more","date":"September 6, 2017","format":false,"excerpt":"\r The government has spent \u00a34.6bn already \u2013 why should it continue with the subsidy in such a generous form? Housebuilder Redrow says it\u2019s looking forward to working with government to consider the future of the help-to-buy subsidy scheme beyond 2021. You bet it is. Since former chancellor George Osborne\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/builders-use-help-to-buy-to-support-weak-market\/","url_meta":{"origin":104637,"position":1},"title":"Builders use Help to Buy to support weak market","date":"February 25, 2017","format":false,"excerpt":"\r Take-up for property scheme higher in areas where prices have fallen since 2007 peak\r \r Source : ft.com\r Read more...Builders use Help to Buy to support weak market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104415,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/persimmon-profits-top-1bn-on-the-back-of-help-to-buy-scheme\/","url_meta":{"origin":104637,"position":2},"title":"Persimmon profits top \u00a31bn on the back of help-to-buy scheme","date":"February 26, 2019","format":false,"excerpt":"\r Builder sparks controversy with massive gains from taxpayer-funded programmeHousebuilder Persimmon made more than \u00a31bn profit last year thanks largely to the taxpayer-funded help-to-buy scheme, through which almost half of its homes were sold.The company, which sparked widespread public and political anger for attempting to pay its former chief executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/take-500-out-of-your-retirement-pot-to-buy-expert-pensions-advice\/","url_meta":{"origin":104637,"position":3},"title":"Take \u00a3500 out of your retirement pot to buy expert pensions advice","date":"September 3, 2016","format":false,"excerpt":"\r New government scheme offers a tax-free allowance to pay for a professional and personalised financial reportPeople will soon be able to take up to \u00a3500 out of their pension pots tax-free, as long as they spend it on financial advice. The government this week unveiled details of the \u201cpensions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43141,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/left-out-in-the-cold-over-housebuilders-reservation-fee\/","url_meta":{"origin":104637,"position":4},"title":"Left out in the cold over housebuilder\u2019s reservation fee","date":"February 7, 2017","format":false,"excerpt":"\r When I was unable to proceed with Icona Homes, I presumed the Consumer Code for Home Builders would ensure the return of my \u00a3500 feeI paid a \u00a3500 reservation fee for a new-build house using the government help-to-buy scheme. However, my chosen mortgage lender valued the house at \u00a35,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-a-disastrous-tory-policy-blew-up-the-housing-market\/","url_meta":{"origin":104637,"position":5},"title":"How a disastrous Tory policy blew up the housing market","date":"June 21, 2024","format":false,"excerpt":"\r In the second instalment of a special series on the emblems of Tory Britain, Oliver Wainwright looks at help to buy, a scheme that cost billions, pushed up prices, did almost nothing for new buyers \u2013 but made house builders a lot of moneyWith a penthouse in Santa Monica,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104637"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104637"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}