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‘Help to Buy should have been named Help Developers’ ‒ Star Letter 06/10/2023

Anna Sagar
Written By:
Posted:
October 6, 2023
Updated:
April 12, 2024

Each week Mortgage Solutions and its sister title, Specialist Lending Solutions, pick the top comments from our readers.

This week’s selection of comments are in response to: Thousands of first-time buyers in arrears due to Help to Buy scheme stress – reports

Arron190 said: “Help to Buy should have been named Help Developers to make more profit. It just drove up the house prices and enabled developers to build more housing in over-developed areas where local roads and services cannot cope.”

Mike Cole added: “Likewise I was never a fan of Help to Buy amongst other things because of the risk of this happening. Who is paying for any freezes referred to in the article? Is it me? Because I don’t want my hard-earned tax going on that and subsidising someone buying a house even further.

“Wouldn’t it also increase the chances of negative equity if the charges were rolled into what is owed. Claims management companies are potentially going to have a free lunch with this.”

 

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The comments here are from our readers and do not necessarily reflect the views of Mortgage Solutions and Specialist Lending Solutions.