The Help to Buy scheme has been a major factor in the UK housing market since its introduction in 2013. The scheme has been designed to help first-time buyers and those with lower incomes to purchase a property. It has been widely praised for its success in helping people onto the property ladder, but what do brokers think of the scheme and its impact on the housing market?
Brokers are generally positive about the Help to Buy scheme, as it has helped many people who would otherwise have been unable to purchase a property. The scheme has allowed more people to become homeowners, which has had a positive effect on the housing market. It has also helped to stimulate the economy, as more people are able to buy and sell properties.
However, some brokers have expressed concerns about the impact of the Help to Buy scheme on the housing market. They are worried that it has caused house prices to rise too quickly, making it harder for people to afford a property. They are also concerned that it has caused an increase in demand for properties, which has led to a shortage of available homes.
Overall, brokers are generally positive about the Help to Buy scheme and its impact on the housing market. It has enabled many people who would otherwise have been unable to purchase a property to become homeowners, which has had a positive effect on the economy. However, there are some concerns about the potential for house prices to rise too quickly, and for there to be a shortage of available homes.