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.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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