Help To Buy scheme to be scrapped

According to reports ministers are planning to replace it with a new system after the scheme expires in 2021.  It is expected the new arrangement will focus on helping out the lower-paid,  rather than giving “handouts” to the middle classes.  Official figures this year revealed the average wage of somebody supported by Help To Buy is £55,000 – more than double the average wage of £26,000.  Since its launch in 2013 the Government has provided more than £8.9billion of support.  The scheme has been extended to last until 2021 with…

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