Episode Details

New report from the Institute for Fiscal Studies reveals that George Osbornes Help to Buy schemes from the twenty-tens primarily benefited higher-income households, particularly outside London and the south-east. The schemes, launched in 2013, offered taxpayer-backed loans and guarantees on high loan-to-value mortgages, but mainly accelerated purchases for those who could have saved up anyway. Critics argue that the schemes pumped up prices without addressing supply shortages, and the benefits skewed to those already ahead. Today, a version of the mortgage guarantee lives on, with the debate continuing on how to truly open doors to homeownership without inflating the bubble.

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