Why the government’s ‘Help to Buy’ scheme might not be a good idea

About Jonathan Lea

Jonathan is a specialist corporate and commercial solicitor who has over 13 years of experience at both large international City firms and smaller practices. For the last five years Jonathan has worked on a self-employed basis with a network of other independent lawyers focused on serving the needs of entrepreneur-led businesses and startups around the UK and further afield. If you'd like a competitive quote for any legal work please send an email to the address on the home page. You can also follow Jonathan on Twitter @jonathanlea

The UK government’s announcement earlier today that they will bring forward their ‘help to buy’ scheme has prompted a new wave of criticism from the commentariat on both sides of the political fence. My view is that such inflation of the property market by taxpayer funded government guarantees is just designed to really help politicians, bankers, house builders and estate agents (in that order) while the rest of the population suffers from even more unaffordable property, sucking the life out of the real economy as people get further enslaved by debt.

Here are a selection of some of the tweets today that caught my attention:

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