Help-to-buy scheme: a help or a hindrance?

The detail of the government’s new help-to-buy scheme, designed to assist first-time buyers onto the property ladder, is still emerging – but its critics say it will have limited reach and push up house prices

In the days leading up to the publication of the government’s housing action plan in July, expectation was building that some sort of support for first-time buyers was on the way. However, the government kicked to touch: a couple of brief references to the proposed support, and a promise of more detail in the budget.

A limbo of sorts followed, with some first-time buyers pressing pause on their hunt for a home until ...