Research claims first time buyers pay more under flagship Help to Buy schemes

The Government’s flagship Help to Buy scheme has become too popular, leading to a danger that developers have inflated prices to such an extent that buyers could find themselves with negative equity in their property, it is claimed. The research from OkayLah says that the average first time buyer house price is £236,000 but it is higher at £298,927, a difference of £62,927, for those buying through the Help to Buy schemes. It looked at the number of Help to Buy completions each quarter since the second quarter of 2013 and the total sold value of those Help to Buy properties to ascertain the price of the average Help to Buy property in each quarter.