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

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31% of Help to Buy users didn’t need it, says watchdog 13 June 2019 UK News 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.. Disclaimer : The Money republic collects data cautiously before publishing any information.

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Do starter homes still make financial sense? While it may make financial sense to put aside extra cash. but this option could still be far cheaper than paying 15% interest or more on your existing credit card. You could also take a home.

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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.