Mortgage News

31% of Help to Buy users didn’t need it, says watchdog

Almost two thirds of the 211,000 buyers who have used the scheme had enough money to buy a property without it, says National Audit Office The government’s Help to Buy scheme has handed billions of pounds of subsidised loans to relatively wealthy homeowners who would have been able to buy a property without help, the public spending watchdog.

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31% of Help to Buy users didn’t need it, says watchdog 06/13/2019 A third of home buyers who used the Help to Buy scheme last year could have purchased a property without the initiative, research by a government spending watchdog has revealed.

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A 3rd of dwelling consumers who used the Assist to purchase scheme final 12 months might have bought a property with out the initiative, analysis by a authorities spending watchdog has revealed. Based on the Nationwide Audit Workplace (NAO), 31% of the 211,000 consumers who used the fairness mortgage scheme by December 2018 might have [.]

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A third of home buyers who used the Help to Buy scheme last year could have purchased a property without the initiative, research by a government spending watchdog has revealed.. 31% of Help to.

31% of Help to Buy users didn’t need it, says watchdog jun 13, 2019 administration Business 0 A third of home buyers who used the Help to Buy scheme last year could have purchased a property without the initiative, research by a government spending watchdog has revealed.

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A third of home buyers who used the Help to Buy scheme last year could have purchased a property without the initiative, research by a government spending Local Arts & Culture Sport Business Home 31% of Help to Buy users didn’t need it, says watchdog

According to the National Audit Office (NAO), 31% of the 211,000 buyers who used the equity loan scheme by December 2018 could have purchased a home anyway. The government spending watchdog also said that around 4% of buyers that used the scheme – which is not means tested – had household incomes of over 100,000.