More than 300,000 households in England have bought a home with the support of the Help to Buy equity loan scheme since it was launched in 2013. Government figures show 313,043 households have bought a home with the support of the scheme. Around eight in 10 were first-time buyers. Purchasers can borrow up to 20% of the cost of a new build or 40% in London, funding the balance with a mortgage and repaying the loan when they sell. One in 20 (5%) of those who have used the scheme had a total household income of more than £100,000. However the most common household income bracket was £40,000 to 50,000, with 21% in this category. Read more on the Belfast Telegraph website.
300,000 homes in England sold under Help to Buy scheme - BelfastTelegraph.co.uk
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