Confusion over Help to Buy scheme

Press Association
Dreaming of buying one of those colorful iconic San Francisco row houses. For Sale sign is visible in front.
Dreaming of buying one of those colorful iconic San Francisco row houses. For Sale sign is visible in front.

%VIRTUAL-SkimlinksPromo%One third of people planning to take their first step on the property ladder in the coming months say they are confused about how the new phase of the Government's flagship Help to Buy scheme works, research by a property website has found.

Some 34% of would-be first-time buyers surveyed by Rightmove said they do not understand the new phase of the Help to Buy scheme, which was launched in October to offer state-backed mortgages to people with deposits as low as 5%.