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The government’s Help to Buy ISA has been facing some harsh criticism after the revelation that 45,000 users faced delays in their purchases when attempting to release deposit funds from the ISA.
Addressing the National Housing Federation summit, Prime Minister Theresa May has confirmed that £2 billion in funding will be given to housing associations in order to create affordable and social housing.
A poll of new build owners with leases who bought in the last 10 years show that an overwhelming majority regret buying their property. This is mainly down to leasehold issues, as 45% said they were unaware of the leasehold status.
George Osborne’s Help to Buy Scheme was designed to help first time buyers with a small deposit get onto the property ladder.
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