Help to Buy Aids 150,000

The Government has released statistics which show that more than 150,000 properties have been sold to
buyers who have made use of the 'Help to Buy' mortgage guarantee and equity loan schemes.

Nearly 80 per cent of those sales were to first-time buyers and the average price of houses bought by them was significantly below the national average.  The 'Help to Buy ISA', launched in December 2015, hasalso already attracted more than 250,000 subscribers.

Using the ISA enables first-time buyers to obtain up to £3,000 from the Government by way of a bonus when they use savings to purchase a property.

Posted by Peter Nicholas on Wednesday, August 17, 2016 at 10:54 AM