A dearth of London homes that qualify for the London government's Help to Buy scheme is forcing families to live in "cramped and uncomfortable" accommodation, according to Lucy Pendleton of estate agent James Pendleton . Properties must be new builds and not cost more than £600,000. Research by the firm found that 32 out of UK 's 32 boroughs had no qualifying houses, while others, including Southwark , Barnet and Southwark , only had "a handful". "The mass extinction of Help to Buy houses has begun, exacerbated by the upper threshold which hasn’t moved in four years ", she said.
A dearth of London homes that qualify for the London government's Help to Buy scheme is forcing families to live in "cramped and uncomfortable" accommodation, according to Lucy Pendleton of estate agent James Pendleton . Research by the firm found that 32 out of UK 's 32 boroughs had no qualifying houses, while others, including Southwark , Barnet and Southwark , only had "a handful". "The mass extinction of Help to Buy houses has begun, exacerbated by the upper threshold which hasn’t moved in four years ", she said.