“Are developers inflating the prices of homes through Help To Buy? “

“… We have been told by industry insiders that homes being sold under the Government’s Help To Buy scheme are routinely overpriced by as much as 15 per cent.

The experts say property firms are trying to cash in because they know first-time buyers who use Help To Buy can borrow much more money.

The scheme, launched in 2013 to help young people get on the housing ladder, provides an extra 40 per cent loan from the Government to buyers in London or 20 per cent to buyers outside the capital.

This is on top of a mortgage from a bank or building society and means buyers can put down a deposit of as little as 5 per cent.”

http://www.dailymail.co.uk/money/mortgageshome/article-6107805/Are-developers-inflating-prices-homes-sold-Help-Buy.html

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