William Eichler 04 April 2019

Homeownership schemes failing ‘less well off’

The Government’s homeownership schemes are failing those on low and middle incomes, according to a provider of affordable rent to buy homes.

Rentplus calculates that the average household income of those benefitting from the Government’s Help to Buy scheme is £52,000.

This is well above the income of many, including key workers such as nurses who start on £23,000.

One of the biggest barriers to homeownership is the deposit.

Steve Collins, the chief executive of Rentplus explains: ‘The majority of Help to Buy beneficiaries take advantage of being able to put down a minimum 5% deposit but this still requires an average deposit of over £12,000.’

‘For most of those on average or below average wages, this is unaffordable.

‘The problem is that many people paying rent each month have little money left to save towards a deposit and the Government schemes don’t address this.’

SIGN UP
For your free daily news bulletin
Highways jobs

Data, Monitoring and Citizen Science Officer

Durham County Council
Grade 10 £37,035 to £40,476 p.a. (Pay Award Pending)
We are looking for an organised and reliable individual to join our team here at the North Pennines National Landscape in Stanhope for a period of 15 Stanhope
Recuriter: Durham County Council

Enhanced Teaching Assistant

Durham County Council
£25,584 - £27,711 pro rata
Enhanced Teaching Assistant Grade 5, £25,584 - £27,711 pro rata 37 hours per week, Term Time only + 2 weeks Permanent     Required from 1st September Ferryhill
Recuriter: Durham County Council

Structures Commissioner

Derbyshire County Council
Grade 14 £53,166 - £59,080 per annum (Pay Award Pending)
We are seeking an experienced and strategic leader to join our team as the Structures Commissioner. Derbyshire
Recuriter: Derbyshire County Council

Rough Sleeper Outreach Officer - WMF2139e

Westmorland and Furness Council
£31,067 - £31,586
We have an excellent opportunity for a motivated candidate to apply for the role of Rough Sleeper Outreach Officer. Penrith, Cumbria
Recuriter: Westmorland and Furness Council

Customer Operations Assistant

Wyre Borough Council
£12.26 Per Hour
Marine Hall is a vibrant and dynamic venue dedicated to delivering exceptional experiences for our audiences and customers. Poulton-Le-Fylde, Lancashire
Recuriter: Wyre Borough Council
Linkedin Banner