Your tax take Real people respond to the Chancellor
in place now we wouldn’t have been able to buy.”
This problem may worsen by 2021, given that house prices are rising in all regions of England except London. The Treasury said there were no plans to adjust the caps.
Ray Boulger of John Charcol, a mortgage broker, said many people would be left unable to buy where they live. “These changes will effectively knock houses out of the scheme,” he warned.
Help to Buy has been criticised for pushing up house prices and many in the industry had wanted changes, but not in such a blunt manner.
‘They’ve just made it more difficult for buyers in places like Cambridge’