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Newbuy - Another flop

Graham_Devon · 2012-09-27 19:13:10

Newbuy, launched 3 months ago, was supposed to help get 100,000 potential housebuyers buying by 2015. However, so far, in the first 3 months, the scheme has only supported 250 households. If the current monthly figure continues, Newbuy will serve less than 3,000 households by it's target date. The target is that 8,000…

Comments

wymondham Posts: 6,356 Forumite

29 September 2012 at 8:48PM

thegirlintheattic wrote: »

We considered this and the equity loan scheme but the numbers just don't add up for us, or indeed any of our FTB friends.

Good for you - pleased to see people are seeing these schemes for what they are - just a way to shift new, overpriced shoeboxes, nothing to do with helping people buy suitable housing.

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