Aspiring first-time buyers are confused by the Help to Buy scheme.
A poll by discount website VoucherCodesPro.co.uk attracted responses from 1,825 adults, each planning to become a first-time buyer within the next 12 months.
The poll was prompted by an increase in searches on the site for ‘help to buy’, suggesting a lot of interest in the scheme.
Of those who took part, respondents who said they were unsure about what both the Help to Buy schemes entailed were shown an explanatory guide.
When asked how they felt about the concept on the whole, 71% claimed to find it ‘confusing’. And 24% said they were disappointed with the Help to Buy offering.
Those who said they were disappointed were asked to elaborate and explain why. One third (32%) said that phase one of Help to Buy – the shared equity mortgage available on new-builds – sounded like a ‘glorified loan’, while 66% said that on phase two, mortgage rates weren’t as low as they were expecting.
When asked if they planned to utilise Help to Buy, just 19% said a definite ‘yes’.
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Comments
Yes these "hardworking families" still cant afford the mortgage even with a government loaned deposit......surprise surprise!