Government low-cost home ownership schemes and their effect on social mobility
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.