Government low-cost home ownership schemes and their effect on social mobility
July 4, 2017
Recent research and analysis publication 3rd July 2017 on the Gov.Uk website from Social Mobility Commission headlines ‘Low-cost home ownership schemes’.
Research looking at government low-cost home ownership schemes and their effect on social mobility.
The research finds: Many low-cost home ownership schemes are more likely to benefit better-off buyers.
Many schemes are of out of reach to most families on average earnings.
The average income of people benefiting from schemes such as Help to Buy was £41,323, similar to other first time buyers whose average income was £47,528.
The report recommends new action to help more low-income buyers get on to the housing ladder.
Read the publication 3rd July 2017 in full click here.
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