5 Cons of the help to buy scheme | Is the help to buy right for you?

So I have been asked to explain the pros and cons of the help to buy scheme. Having taken a deep dive into some articles I hope these points make you consider your options before potentially finding yourself in difficult later down the road. The help to buy scheme may not be for everyone.

Any questions you know where to find me:) and I hope you have an awesome week.

Useful timestamps:
00:00 Introduction
00:45 What is the help to buy scheme
01:45 Pros of the scheme?
02:37 Con #1 New Builds only
03:07 Con #2 Loan amount fixed
03:56 Con #3 Interest rate increase
04:19 Con #4 Amendments
04:43 Con #5 Negative equity
05:35 Help to buy ISA
06:42 Bloopers

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References:
https://www.reallymoving.com/first-ti...
https://www.which.co.uk/news/2016/11/...
https://www.moneysavingexpert.com/mor...
https://www.helptobuy.gov.uk/
https://www.nerdwallet.com/uk/mortgag...
https://www.helptobuy.gov.uk/
https://www.propertyreporter.co.uk/pr...
https://prosper-ifa.co.uk/alternative...