The return of Help to Buy

There is definitely a gap in the market for a scheme like help to buy, i would say large number of first time buyers have missed out on new properties since it has stopped.

I am absolutely in favour of a new scheme like help to buy, with property prices generally increasing and the cost of mortgage borrowing substantially higher than in previous years it will be welcome news for first-time buyers and will hep envigorate the market again.

Help to buy was a hugely popular and successful scheme to help first-time buyers get a newly built property. At JB mortgages we would welcome a return of this scheme particularly when the housing market in general is very doom and gloom, some good news would certainly be a boost to consumer confidence.

I was never a fan of the Help To Buy scheme, predominantly for the fact that it was a tall order for people to plan to repay the equity loan.

That said, I am supportive of helping people get onto the housing ladder so would be interested in seeing what can be done here.

Help to buy just makes new build homes more expensive , as it props up prices, costing first time buyers thousands of pounds in additional interest payments. The best help to buy is lower house prices.

A return of Help to Buy isn't on our list of needs - all it does is help builders to inflate their property prices and assist their "must use our Solicitors, must use our defective mortgage advice offerings". What the government should take action on is finetuning the existing Shared Ownership scheme as there are across the country some Housing Associations who have gone a little power crazy in what homeowners conditions are for these properties.

The return of help to buy would be very much welcomed by developers. The previous HTB scheme was a huge success for developers and seen more as "help to sell" rather than the reverse.

I feel that we are already seeing a significant UK wide house price correction and the headway that was made since Covid will be completely pulled back. The new build market is at most risk of a crash and many new build sites are now struggling to sell their stock, unless at a substantial discount. One of the contributing factors is the reduced pool of buyers now that Help to Buy is no longer available. The scheme significantly reduced the level of capital required for buyers to just 5%, which made getting onto the property ladder much more attainable for many.

I personally would like to see the return of the scheme and I feel that it's return would have a positive impact on the new build market for both developers and buyers in allowing both parties to transact without as many barriers.

Reintroducing the Help to Buy scheme ahead of the upcoming general election would be a positive movement for the new build market and first-time buyers in my opinion.

Historically the Help to Buy scheme has helped first-time buyers secure a property that might not have been in reach without the help in hand. Not only would said scheme help the consumer, but it would also help new build developers continue to build and develop properties.

Over the past six months, I have seen a reduction in the amount of new build homes selling. I can only assume this is a result of increasing interest rates.

As a mortgage broker located in Manchester i would welcome the return of the help to buy scheme.

Given rising property prices and increased mortgage costs, there's a clear gap in the market since the Help to Buy scheme ended. Many first-time buyers have struggled, and new build sales have seen a decline. While the scheme aided buyers and was lucrative for developers, it also inflated costs for properties perhaps beyond buyer means. If reintroduced, it should expand to second-hand homes and have stringent regulations to avoid misuse.