Thursday, 28 November 2019

Most Homebuyers Take Maximum Help To Buy Loan In London


Three-quarters of home buyers in the capital taking advantage of government loan used maximum amount allowed. Three-quarters of homebuyers in London using the government’s Help to Buy loan scheme borrowed the largest amount possible during the last three years. Data from MHCLG showed that of the 15,623 homes bought in the capital since the beginning of February 2016, when the government boosted the upper limit of the Help to Buy loan for purchasers in the capital to 40%, 11,783 – 75% – were made with a maximum loan. And across England, the 52,268 Help to Buy deals in the year to June 2019 represented a 6% increase. Read more on Housing Today.

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