MHCLG’s report describes H2B as “the most significant scheme helping increase home ownership”. It says 75 per cent of buyers claim H2B helped them to enter the housing market, while 60 per cent say it helped them speed up their property purchase by a year or more.
It may also have had an impact on the number of new homes being built. Interviews with developers indicate they are building more quickly, and the scheme has helped improve cash flow, allowing them to purchase more land to maintain and increase pipelines. But a look at housebuilders’ share prices suggests the benefits of such shifts have been accrued by the companies themselves.
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