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Repeal support schemes housing developers

Comment 6th July 2010

First time buyer schemes keep house prices artificially high. Developers within these schemes are not keeping prices inline with reality and are using deals such as 'HomeBuy Direct' to advertise these properties at attractive prices due to the equity stake provided by Government (which the potential purchaser has to pay back).

I am a first time buyer and this interferes with my ability to own a house outright – Government should stop these schemes and instead focus on ensuring that mortgages are available to first time buyers at reasonable cost for an affordable amount.

Support the buyer, not the developer.

Why does this matter?

First time buyer schemes keep house prices artificially high and distort the market.

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