Wealthy homeowners received millions in public money under Government scheme to help first-time buyers

Hundreds of millions of pounds of public money has been given to thousands of wealthy homeowners under a flagship Government scheme designed to help first-time buyers, new analysis has revealed.

More than 5,500 homeowners earning above £100,000 a year have benefitted from taxpayer-funded Help to Buy loans that are aimed at helping people get on the housing ladder, according to The Independent’s analysis of government data.

Since the scheme was introduced in 2013, 5,545 households with an income of more than £100,000 received Help to Buy loans, including 1,287 households that already owned a property.

If households earning above £100,000 received the

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