Housing Minister Kris Hopkins responds to the Public
Accounts Committee report on the Help to Buy: equity loan scheme. He said:
The Help to Buy: equity loan scheme is helping build more
homes and support the economy - in fact we estimate the wider economic benefits
of the scheme could be as much as £1.9 billion. So it is offering excellent
value for money for taxpayers’, and to suggest otherwise is simply absurd.
Since the scheme’s launch, housebuilding is up a third
and now at its highest level since 2007. Over 27,000 people across the country
have used Help to Buy to get on the property ladder with a fraction of the
deposit they would normally require, with cities including Leeds, Durham and Manchester
seeing some of the biggest numbers of sales.
Read more on the GovUK website.
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