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The Chancellor is helping sellers not first-time buyers with Help to Buy
Commenting on the recnt announcement by lenders on taking forward Help to Buy, TUC General Secretary Frances O’Grady said:
Commenting on the announcement by lenders today (Tuesday) on taking forward Help to Buy, TUC General Secretary Frances O’Grady said:
“This is not so much Help to Buy as Help to Sell – even for those selling £600,000 properties beyond the dreams of most first-time buyers.
“First-time buyers are desperate to get a foot on the housing ladder and deserve help, but this scheme offers loans with a built-in pay-off for the Chancellor in a way that will push up house prices. It’s good for sellers, but poor value for buyers.
“And worst of all it will not build a single extra affordable home – the only long-term solution to our housing crisis.”
NOTES TO EDITORS:
- The TUC’s campaign plan can be downloaded from www.tuc.org.uk/campaignplan
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk
