Over 150,000 people have bought homes under the Help to
Buy scheme according to the latest figures released by the Government. First-time
buyers accounted for 80% of those taking advantage of the scheme with 95% of
Help to Buy completions taking place outside of London. The highest number of
homes bought through the mortgage guarantee scheme have been in the North West
region. Over half of the completions were for new-build homes with an average
house price of £188,380. “While the stronger financial system means we expect
banks to start to exit our Help to Buy Mortgage Guarantee scheme, the other
Help to Buy schemes go from strength to strength,” said Chancellor of the
Exchequer George Osborne. Read more on the Housing Excellence website.
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