Report finds that many low-cost government backed home ownership schemes are most likely to benefit better-off buyers
Flagship government schemes to help more people get on the UK housing ladder have little impact on improving social mobility as better-off buyers are most likely to benefit from the support. A new report published by the Social Mobility Commission today into the impact of low-cost home ownership schemes found that those benefitting from schemes – such as Help to Buy – earn more than one and a half times the national working age median income. Continue reading Government ‘help to buy’ housing schemes have little impact on social mobility