Help to Buy

8 October 2013 – 8:26 am

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The UK Government is keen to kick start the housing market, and has launched the Help to Buy Scheme. The premise is the working population can afford monthly repayments but struggle with the mortgage deposit. In a year where housebuilding has risen from a recession low, affordability is still a struggle for many domestic buyers. The current ‘boom’ has resulted in a lack of tradespeople, volume of empty houses in the wrong places and a frothy London residential market. The factors combining to make living arrangements difficult for the average capital dweller. On the positive, HSBC signed up today to the scheme, the first non-Government backed bank to join the group. But the question remains, has Help to Buy come too late?

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