UK first time buyers deposit saving scheme criticised

Concerns have been raised about the UK’s Help to Buy Isa which is aimed at first time buyers saving towards a deposit for their first home. When the scheme was announced last year by then Chancellor George Osborne it was assumed that young people would receive the extra money put in by the Government towards the purchase of a home as part of their deposit. With the average deposit on a first home around £15,000 the Chancellor announced that if first time buyers saved £12,000 they would get t...