Help to buy scheme to close this year, Treasury confirms

'Specific purpose successfully achieved'

Carmen Reichman
clock
Help to buy scheme to close this year, Treasury confirms

Chancellor Philip Hammond is to close the former government's help to buy scheme by the end of this year, saying it had "achieved its purpose".

In a letter to Bank of England governor Mark Carney, Hammond (pictured) said the scheme was "introduced with a specific purpose that has now been successfully achieved", insisting it was always due...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on First time buyers

Abby Thomas, the FOS' incoming CEO and chief ombudsman

FOS appoints new CEO and chief ombudsman

Replacing Nausicaa Delfas

clock 08 June 2022 • 2 min read
CEO of Tilney Smith & Williamson Chris Woodhouse

Tilney Smith & Williamson sees gross inflows of £4.5bn in nine months

AuM rises 9.2% to £56bn up to September

Pedro Goncalves
clock 01 November 2021 • 1 min read
Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

FCA data

Georgie Lee
clock 01 November 2021 • 2 min read