England & Wales Democracy, devolution and governance , Economy and regeneration , Housing and planning

Help to Buy Equity Loan Scheme – NAO Report


The National Audit Office (NAO) has published a value for money report on the ‘Help to Buy’ Scheme (“The Help to Buy – equity loan scheme”).

It found that the scheme was making homes more affordable and improving access to mortgage finance, but the cost to the taxpayer is uncertain because the Department for Communities and Local Government (DCLG) cannot as yet robustly quantify the scheme’s economic benefits. Consequently the NAO cannot say at this stage whether the scheme will provide value for money.

Early demand has been strong with 89% of loan sales made to first-time buyers. But while it appears to be helping buyers as intended DCLG cannot say how many of those accessing the scheme would have bought a home anyway.

This briefing will be of particular interest to elected members and officers with an interest in housing.

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