Inside Housing - Comment - Balance of funding has been shifted further away from affordable housing
It's not about helping out other schemes either:
As the Government extends 'Help to Buy', what's happened to shared ownership? - Telegraph
In fact, it's not about very much:
'Oxford is just as expensive as London': how Help to Buy fails homebuyers – and the market
Other than subsidising the house-building industry massively:
May's help-to-buy extension is another boon for housebuilders | Nils Pratley | Business | The Guardian
Help to Buy adds £1bn to housebuilder valuations
Government promises extra £10bn of subsidy for house purchases
The UK’s biggest housebuilders added £1bn to their market value on Monday after the government promised to funnel more money into subsidies for housebuyers.
Prime minister Theresa May announced a further £10bn of funding for the government’s “Help to Buy” loan scheme at the start of the annual Conservative party conference on Sunday. The scheme, which is due to end in 2021, allows people to buy a new home with a deposit worth only 5 per cent of the cost and a low-interest equity loan from the government.
Meanwhile, the Sun and Mail have noticed something:
People on bumper salaries are exploiting the Government’s Help to Buy scheme - The Sun
Wealthy families exploit £7billion Help to Buy home scheme | Daily Mail Online
Which means that this particular policy is not going down very well:
Poll: public opposed to £10 billion Help to Buy expansion
Plans to pump more money into the Government's Help to Buy scheme has not been well received, according to a new poll.
10 OCTOBER 2017
The Government's decision to pump an additional £10 billion into the Help to Buy scheme has not gone down well with the public, a new poll suggests.
Poll: public opposed to £10 billion Help to Buy expansion - BT