The government’s flagship, multibillion pound scheme for helping people to buy a home is increasingly giving taxpayer funded loans to higher earners, The Independent can reveal.
The Help to Buy initiative was designed to help cash-strapped buyers, but analysis reveals the average salary of people receiving equity loans has shot up since it was introduced.
Official government data reveals the average household income of people benefiting from the £8.3bn scheme is continuing to rise, and now stands at just under £50,000.
