Help to Buy  

The Help to Buy scheme is on the decline

Lee Martin, head of Unlatch UK, said: “Help to Buy has been very influential since it launched, but with the second phase now in full swing, it’s only natural that the volume of Help to Buy homes built, and loans issued, will start to tail off."

He added: "This is due to a number of factors. For a start, the market segment of buyers who qualify to purchase these homes has been reduced to first-time buyers only. In addition, housebuilders are no doubt anticipating the end of the scheme's expiry in 2023 and managing their output accordingly.

"When the scheme does end, it will leave a sizeable hole in this respect, although this will no doubt be plugged by another government initiative focused on fuelling buyer demand in order to keep market values buoyant". 

calum.kapoor@ft.com