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Help to Buy yet to prove 'it is providing value for money'

Help to Buy, the Government scheme which aims to get more people onto the housing ladder, has come under fire for failing to show its providing value for money, from an influential group of MPs.

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Impact of Help To Buy 'varies according to region'

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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