£1bn In Help To Buy London Loans Handed To First-Time Buyers

A new breed of “five per centers” is taking over the new homes market in parts of London. Using the Government’s subsidised Help to Buy London scheme and a five per cent deposit to get on to the housing ladder, these buyers are now responsible for more than half of all sales of new homes in a “halo” of postcodes around the capital. Some 85 per cent of the new homes sold in West Wickham over the last two years were to buyers bolstered by a 40 per cent government equity loan. The average price of a new home in the BR4 postcode stands at just under £421,000, up 14 per cent in the past two years.  Read more on the Evening Standard website.

https://www.homesandproperty.co.uk/property-news/record-1bn-in-help-to-buy-london-loans-handed-to-firsttime-buyers-a118536.html