Help to Buy should be overhauled and tightly targeted on first-time buyers with ordinary incomes – Healey
John Healey MP, Labour’s Shadow Housing Minister, responding to reports that the Government is concerned about the impact of Help to Buy on house prices, said:
“There are long-run flaws in the Help to Buy scheme which Ministers have failed to fix. One in five helped by Help to Buy aren’t even first-time buyers.
“As it stands, the scheme is poorly targeted and poor value for taxpayers’ money. Help to Buy should be overhauled and tightly targeted on first-time buyers with ordinary incomes, as Labour has long-argued.”