Help to buy scandal

“Overall, 1,758 help to buy loans were handed out to individuals or couples who take home more than £100,000 a year – despite them being in the top 10 per cent richest households in the country.

In addition, almost 500 of the couples earning over £100,000 who were given government help already owned a property.

Government officials insisted today that the scheme was working well – pointing to figures showing almost half the loans to first time buyers went to those earning £40,000 or less.

However, this masks the fact that more than 30,000 loans were handed to households earning more than £40,000 a year – which puts them in the richest 30 per cent of earners in the country.”

http://www.dailymail.co.uk/news/article-3227614/Helps-Buy-helps-rich-1-750-couples-earning-100-000-Osborne-s-cheap-loans-including-500-house.html

One thought on “Help to buy scandal

  1. nothing like help for the well off as we have a government that only like the top 30%.

    Like

Comments are closed.