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    Help to buy comes to an end.

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    papa_umau
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    Help to buy comes to an end.

    Post by papa_umau on Fri 30 Dec 2016, 11:36 am

    The Help to Buy loan guarantee scheme comes to an end

    One of the government's flagship home ownership programmes ends on Saturday, amidst both praise and criticism.

    The Help-to-Buy Mortgage Guarantee scheme is likely to have helped more than 100,000 individuals or couples buy a home.

    The Council of Mortgage Lenders said it had worked "exceptionally well", making mortgages more available when it started in October 2013.

    However Shelter has argued that the scheme helped to push up house prices.

    Get the report from The BBC HERE




    I think it is sad how such a successful scheme has to finally close as any young couples - who are saving hard in order to buy their first home - will now not be able to do so.

    Do the Robsters think that such schemes are good or do they just do what Shelter says "help to push up house prices" ?


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    zathrus
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    Re: Help to buy comes to an end.

    Post by zathrus on Sat 31 Dec 2016, 11:46 am

    If young people go back to not being able to be first time buyers then the sales of such properties are going to tail off, making them cheaper in the long run.

    It is the increased supply of homes that drives the market down in price.
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    papa_umau
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    Re: Help to buy comes to an end.

    Post by papa_umau on Sun 01 Jan 2017, 12:52 pm

    Yes Zathrus, you are right about that, but the supply has never exceeded the demand in Britain, and as long as this is the situation we are going to see prices staying higher than they reasonably should be.


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