A coalition plan to get 100,000 people on to the property
ladder by helping them buy new-build properties has actually helped just over
5,000 individuals, official figures have revealed. The Government's NewBuy
scheme involves guaranteeing mortgages for first-time buyers who have a deposit
as small as 5 per cent. When it was introduced, ministers pledged it would help
100,000 people to buy a home. But so far only 5,518 have benefited from the
scheme, the Government's own figures have revealed. Read more on the
Independent website.
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