Mr Steve Reed: To ask the Secretary of State for
Communities and Local Government, if he will extend the Help to Buy scheme to
enable first-time buyers to buy property off-plan in order to avoid being priced out by foreign investors.
Gavin Barwell: The Help to Buy: Equity Loan scheme has
enabled over 81,000 households to purchase a new-build home, to March 2016. The
Government has committed a further £8.6 billion to the scheme, to provide up to
145,000 further homes by March 2021. Under London Help to Buy, which was
launched in February 2016, equity loans of up to 40% are now supporting
increasing numbers of first time home buyers.
No comments:
Post a Comment