The UK's flagship Help to Buy scheme represented "very high value for money", according to a forthcoming official review. The evaluation concluded the policy was responsible for one in seven additional new homes built in England and propelled over 300,000 people to buy their first home. Nearly half of those buyers stated they could not have purchased without the program.

The review found the scheme pushed up house prices by only 2 percentage points. The program cost £3.6bn and generated a "net present social value" of £25.1bn, primarily from higher land values. Labour ministers were reportedly drawing up plans for a new version before Sir Keir Starmer left Downing Street in July.

Former Chancellor George Osborne introduced the scheme in 2013. An Institute for Fiscal Studies report this year found the policy disproportionately benefited higher earners and did little to increase affordability for lower incomes. The Ministry of Housing, Communities and Local Government stated there were no current plans to introduce a new scheme, citing existing action with a Mortgage Guaranteed scheme and First-Time Buyer ISA product.

The Home Builders Federation has put forward its own proposal for a new equity scheme. Neil Jefferson, chief executive at the HBF, said ministers needed to find a way to boost the "suppressed level of demand" preventing investment in new sites.