• Latest
  • Trending
Lenders

Not Only Wealthy People But Also The Lenders Are Exploiters!

09/05/2019
New Heathrow Terminal Changes: What It Means for Your Airport Transfer

New Heathrow Terminal Changes: What It Means for Your Airport Transfer

09/07/2025
Spike in UK Spouse Visa Refusals in 2025: What’s Behind the Surge?

Spike in UK Spouse Visa Refusals in 2025: What’s Behind the Surge?

04/07/2025
The Evolution of Nurse Call Technology in Elderly Care

The Evolution of Nurse Call Technology in Elderly Care

03/07/2025
5 sustainability strategies business leaders must incorporate now

5 sustainability strategies business leaders must incorporate now

02/07/2025
Are Schools Prepared for Medical Emergencies?

Are Schools Prepared for Medical Emergencies?

30/05/2025
The Role of Eco-Friendly Couriers in London’s Green Future

The Role of Eco-Friendly Couriers in London’s Green Future

30/05/2025
Strawberry Plants

Selecting the Ideal Strawberry Plants for Your Palate

22/05/2025
Why Motorhome Hire in Manchester is the Perfect Way to Explore the UK

Why Motorhome Hire in Manchester is the Perfect Way to Explore the UK

15/05/2025
The Rising Cost of Cyber Insurance: What Businesses Need to Know

The Rising Cost of Cyber Insurance: What Businesses Need to Know

09/05/2025
The Importance of Load Testing and Balancing in Machine Moving

The Importance of Load Testing and Balancing in Machine Moving

02/05/2025
Why GRP Grating Structures Are Replacing Steel in Modern Construction

Why GRP Grating Structures Are Replacing Steel in Modern Construction

30/04/2025
Imad El Atiki El Ghennouni Mohammed: The Health Benefits of Hobbies

Imad El Atiki El Ghennouni Mohammed: The Health Benefits of Hobbies

01/04/2025
  • Authors
  • Write for us
  • Contact
Thursday, July 10, 2025
PostRadar
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
PostRadar
No Result
View All Result
Home Finance

Not Only Wealthy People But Also The Lenders Are Exploiters!

Dan by Dan
09/05/2019
in Finance
19
9
SHARES
36
VIEWS
Share on FacebookShare on Twitter

About Housing Ladder:

A series in which a person owns a house or a property from a cheaper one to the expensive one. This refers to a situation when someone buys an apartment or a small house initially and later after having enough money they Invest in a big or more expensive house. This is said stepping on to the first step of the property ladder, they tend to help the first-time buyers to step their foot on this ladder and that too without any deposit. This scheme devotes help to a number of strugglers which has now been used by around 92,007 families those who hold income more than £50,000 annually. This scheme is used by a number of people either they are buying a first new house or buying a big house later with the help and support of taxpayers. After the scheme has come to its reign in 2013 around 210,964 households have been using this Scheme. And also, at that time one-fifth of the total were not the initial buyers.

Who is exploiting the scheme?

The cash lent by the taxpayers i.e. a total amount of £11.7 Billion has been criticized by the critics and are named as ‘ Stunning’. The critics straight away state that the scheme is for the not so stable or least wealthy ones but the rich and wealthy people are exploiting the “Help to Buy”.

Not only wealthy people but also the lenders are exploiters! The scheme i.e. the Brainchild of former Chancellor George O Osborne was blamed for the increment of the prices of the taxpayer’s money to the families who are buying new build houses. They are busy in only Fattening the developer’s profits. Another British House builder named Persimmon wanted to make benefits and profits of more than £1 billion as it cashed in on the scheme. The heavy criticism of the critics forced the government to impose restrictions and this scheme should only be constrained to the buyers who were buying for the first time only.

Where did the taxpayer’s money go?

As per the study of Matt Kilcoyne, Of the Adam Smith Institute stated that the amount and it’s scale is stunning. She says that the homes not being at the right places has caused the Housing Crisis. Almost £11 Billion has been spent already but no advancements can be seen. It has just raised the prices higher rather than increasing no of houses. Not only her but also the Campaign Director at housing charity shelter named Greg Beales, also concluded that this scheme “Help to Buy “has worsened the things by inflating the prices. Last month, the housing secretary, James Broken shire warned the developers that they must now put an end to such “Inacceptable “practices and also the problems should be terminated with the build quality.

The government should not let the generation do whatever it’s doing, it Should pay attention to it is the country’s Housing Crisis by Investigation in its new generation of social housing.

In fact, ministers also accept that the changes are needed for Help to Buy after an outcry.

Tags: lenders
Share4Tweet2Share1

Related Posts

trading features

Profititerra.co Review: Why More Traders Are Choosing This Feature-Packed Platform

18/03/2025
214
trading features

Fibonachis.com Review: A Detailed Look at Its Trading Tools, Fees, and Features

06/01/2025
118
Financial education community launches Academy as it aims to help 50,000 achieve financial independence

Financial education community launches Academy as it aims to help 50,000 achieve financial independence

23/06/2021
78
trading features

Five reasons to start trading forex

01/06/2020
60
Things to Consider When Choosing a Commodity Broker

Things to Consider When Choosing a Commodity Broker

14/05/2020
104
Merlin Entertainment Stocks

Waxworks didn’t pay off; Merlin Entertainment Stocks crash by 6.7%

29/05/2019
128
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Latest News

  • Trending
  • Comments
  • Latest
Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022
TalkTalk

TalkTalk: How To Make Customer Services Listen To Your Complaint?

07/05/2019
Are double beds the best bed size for a couple?

Are double beds the best bed size for a couple?

12/10/2021
Pensioners

Pensioners: 2019 First Quarter Performance Revealed

03/05/2019
DB Transfer Inflows

DB Transfer Inflows At BJ Bell Half Over 12 Months

Hertz Deposit

£500 Hertz Deposit that somehow went “Undetected”

Fuel Efficient Petrol Cars

The Most Fuel-Efficient Petrol Cars You Can Buy

New Tax Reforms

Buy To Let Business Took A Hit In London With The New Tax Reforms

New Heathrow Terminal Changes: What It Means for Your Airport Transfer

New Heathrow Terminal Changes: What It Means for Your Airport Transfer

09/07/2025
Spike in UK Spouse Visa Refusals in 2025: What’s Behind the Surge?

Spike in UK Spouse Visa Refusals in 2025: What’s Behind the Surge?

04/07/2025
The Evolution of Nurse Call Technology in Elderly Care

The Evolution of Nurse Call Technology in Elderly Care

03/07/2025
5 sustainability strategies business leaders must incorporate now

5 sustainability strategies business leaders must incorporate now

02/07/2025

Quick Links

  • Home
  • Authors
  • Contact
  • Write for us
  • Sitemap

Browse By Topic

  • News
  • Business
  • Finance
  • Lifestyle
  • Entertainment
  • Politics
  • Property

Recent News

News

New Heathrow Terminal Changes: What It Means for Your Airport Transfer

09/07/2025
10
News

Spike in UK Spouse Visa Refusals in 2025: What’s Behind the Surge?

04/07/2025
21

© 2019 PostRadar

No Result
View All Result
  • Write for us
  • Get in touch
  • Home
  • Topics
  • Business
  • Education
  • Energy
  • Entertainment
  • Finance
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science & Technology
  • Transport
  • Travel

© 2019 PostRadar.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.