Help to Buy Mostly Helped High Earners, IFS Says

First-time buyer scheme helped wealthy Britons snap up homes in cheaper areas, think tank says

The Help to Buy scheme helped wealthier Britons snap up homes in cheaper areas, according to new analysis from a leading think tank.The Institute for Fiscal Studies (IFS) found the flagship Conservative policy disproportionately benefited higher earners, while delivering a “limited impact” on social mobility.Despite being designed to support first-time buyers without family backing, the scheme often aided those already better placed to get on th…

Help to Buy mostly helped high earners, IFS says

People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says.

High earners benefited from Help to Buy the most, IFS finds

The Help to Buy scheme aided people with higher-than-average incomes the most, as lending constraints around income are a significant barrier to homeownership, research has found. The post High earners benefited from Help to Buy the most, IFS finds appeared first on Mortgage Solutions.

Help to Buy mostly helped the wealthy, IFS warns government

Help to Buy schemes mostly helped high earners, the Institute for Fiscal Studies (IFS) has warned the government, which is considering reviving such a programme. Help to Buy offered equity loans to first-time buyers of up to 20% of the sale value, and ran from… The post Help to Buy mostly helped the wealthy, IFS warns government appeared first on Mortgage Finance Gazette.

Help to Buy mostly helped the rich, IFS warns government

Help to Buy schemes mostly helped high earners, the Institute for Fiscal Studies (IFS) has warned the government, which is considering reviving such a

Help to Buy Benefited Higher Earners

A government loan scheme for first-time home buyers in England mostly helped higher earners in areas where homes are cheaper, says a report from think tank the Institute for Fiscal Studies. The Help to Buy scheme was introduced in England in 2013 by the Conservative government, and according to the IFS report also had “limited impact” on social mobility. Help to Buy was intended to help those without access to money via friends and family by loa…