help to buy loan scheme nets treasury £213m in paper profit /

Published at 2016-02-15 02:01:32

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Hometrack analysis shows biggest gains in areas with high levels of building and buoyant market such as Buckinghamshire but some areas have lost moneyRising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years.
The help-to-buy fairness loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. When the domestic is sold,the buyer returns the same percentage of the sale price, meaning that any drop or rise in house prices affects the return.
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Source: theguardian.com

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