Government should keep Help to Buy because it's working, says housebuilders' group

By Dave Rogers2018-09-06T06:00:00

HBF publishes report on benefits of under-fire initiative as government mulls overhaul

The head of the Home Builders Federation has said the government should continue to back the Help to Buy initiative, saying it has increased the number of homes built and created thousands of jobs during its five years.

An HBF report out today says more than 80% of those who have used it were first time buyers and that the value of the government’s investment had gone up an estimated £1bn to £9.8bn.

In its report, the HBF said Help to Buy had helped drive up housing supply by 74% and its chairman Stewart Baseley said: “Help to Buy has been an unmitigated success. Government should celebrate its success and use the hard evidence now available to rebut the claims of its critics.”

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