Recent reports in various national newspapers suggest that Rishi Sunak wants to bring forward some sort of scheme offering support to renters desperate to get onto the housing ladder.
According to the reports such a scheme was mooted before the Spring Budget, but was dropped over fears it would be inflationary. However, it appears to be back on the table for the Chancellor’s Autumn Statement.
Sources close to the government have said that the idea remains at an early stage, and could see support offered to buyers looking to purchase not only new-build properties, but existing ones too.
Back in January, the government said it was not looking to extend or replace the Help to Buy scheme, with the scheme criticised for inflating the values of new-build properties.
Help to Buy closed to new applicants in October last year, while completions have to go through by 31 May to qualify for the scheme.
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