Scheme has proven controversial as housebuilders’ profits have dramatically increased
More than half of people using the government’s help-to-buy loan scheme could have purchased a home without support from the state, according to Whitehall’s spending watchdog.
In a critical report into the government’s flagship scheme to help more people get on the property ladder, the National Audit Office said about three-fifths of buyers could have bought a home without the support.
Source: theguardian – realestate
NAO says 60% of help-to-buy buyers did not need state support