An end is put to uncertainties about the Help to Buy scheme fuelling second
homes and foreign buyers
David Cameron has spoken up to clarify that the Help to Buy scheme is not available to people wanting to purchase a second home or to foreign buyers. He stated the Help to Buy Scheme is aimed at helping people onto the property ladder. The scheme is only to be used for people who are purchasing their own home to live in.
According to Cameron there will be a mechanism in place to
ensure that foreign buyers and second home owners do not qualify for the
scheme. Another point he made was that to qualify for the scheme you have to
have a credit record in this country.
There are to be clear rules published relating to the scheme.
It has been criticised that the scheme is artificially inflating house prices
into a housing bubble. But time will tell…
What’s your opinion on the scheme?
We have a dedicated Help to Buy website for more information…
