Help to Buy ‘may not provide value for money’ for taxpayer, says audit office

• The government initiative, which was introduced last year to help first-time buyers get onto the property ladder, has made homes more affordable to buyers, but the cost to the taxpayer “is uncertain at this time”,
• Under the first part of the Help to Buy scheme, buyers are offered an equity loan of up to 20% of the purchase price on new build properties up to the value of £600,000. This supplements the buyers’ own deposit,
• The government expects to recoup its investment in cash terms after around 15 years, and to go on to recoup £4.8bn

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