The effect of Help To Buy, where Government equity loans finance up to 20% of the purchase price of homes worth up to £600,000, has varied in different regions and proved most popular in the north, according to MPs.
The Public Accounts Committee said:
- The scheme was also popular in the Midlands and areas undergoing extensive regeneration.
- However, it had less momentum in London and the South East, which has the biggest need for housing.
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