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HELP TO BUY SCHEME

Journalist: Mariah Hedges, ITV National News - ITN

ended 30. March 2023

ITV NATIONAL NEWS - LOOKING FOR AN ESTATE AGENT AND CLIENT WHO HAS RECENTLY BOUGHT USING THE HELP TO BUY SCHEME OR IS COMPLETING THIS FRIDAY AS THE SCHEME COMES TO AN END THIS FRIDAY

This would involve an on-camera pre recorded interview to feature on ITV News on Friday. Please email me or message. Mariah.hedges@itn.co.uk.

Many Thanks, Mariah

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Kundan Bhaduri
Property Developer and Portfolio Landlord at The Kushman Group
Help to Buy as a concept has mainly helped large developers and banks more than those it purported to support, the first time buyers. You see, the problem with the housing market is not on the demand side, but rather on the supply side. We need to build more homes to support the demand, not overheat the market. When the government pushes greater liquidity into an already hot market, and offers higher leverage to FTBs (who can get away with a measly 5% deposit), while the rest comes from printed money (QE), basic economics dictates that we are inflating the demand side, not solving the supply side problem of housebuilding.

It is no wonder therefore that so many people who took out two-percent mortgages at 90-95% overall leverage on a 2-year fix during the hay days of Sunak's lockdown stamp-duty-holiday-bonanza in 2021 are finding their payments have doubled. This also presents a great opportunity for property pros who buy distressed assets to acquire some great stock.