HELPING HARDWORKING PEOPLE ONTO THE HOUSING LADDER The Conservatives’ Help to Buy scheme is helping thousands of hardworking people onto the housing ladder so they can get on in life. What’s more, it’s helping those who need it most: first-time buyers on ordinary incomes who want to realise their dream of buying their own home. Just three months since the Help to Buy mortgage guarantee scheme launched: •6,000 people have applied for mortgages under the scheme •80 per cent of applicants are first-time buyers •The average house price under Help to Buy is £160,000 – far below the average UK house price •Three-quarters of applications are from outside London and the South East Since Labour’s financial crisis, too many people have been frozen out of the housing market. Many of these people could afford mortgage repayments – just not the huge deposit needed for a home. That’s why the Conservatives launched Help to Buy: so hardworking people can fulfil their aspirations and enjoy the security of buying their own home. It’s all part of our long-term plan for Britain – a plan that will continue to help hardworking people in 2014. #ShareTheFacts with everyone you know.
Posted on: Tue, 21 Jan 2014 22:51:54 +0000
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