6 Sep

Govt schemes help 25,000 to purchase properties

Govt schemes help 25,000 to purchase properties

Government assistance in the UK has helped more than 25,000 people get onto the property ladder and buy their own home for the first time, a leading politician has claimed.

Housing minister Mark Prisk said that a range of policies from Westminster across the last few years have helped to make the notion of buying much more affordable and realistic. 

As a result, the likes of Help to Buy and NewBuy have helped scores of people get a foot on the bottom rung. These two alone have helped create more than 7,000 homeowners, with another 10,000 reservations also in place.

Mr Prisk also praised the revitalised Right to Buy scheme, which has given a helping hand to 8,000 former council tenants, and FirstBuy, which assisted some 10,000 people.

In the future, it also looks good for potential homeowners. The new mortgage guarantee arm of Help to Buy should boost ownership, while the new shared ownership schemes Westminster is considering would also provide an additional 20,000 affordable properties.ADNFCR-1222-ID-801634687-ADNFCR

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