government-help-100,000-homeowners

Government helps 100,000 buyers since 2010

The communities minister Eric Pickles has revealed that the government has helped over 100,000 families get a foot onto the housing ladder. The government has said that buyers had taken the opportunity to buy a home with the Right To Buy as well as the Help To Buy Scheme. figures also show that buyers also used government backed shared equity schemes to purchase their first homes.

The average price of a property purchased through the help To Buy scheme averaged £184,000 with 89% of completions were to first time buyers. Right to Buy which was launched in April 2012 offers eligible tenants a discount of £75,000 outside of London and up to £100,000 in London.

Eric Pickles went on to say that the government were very pleased with the take up levels from buyers looking to buy their first home. The figures are very encouraging but more needs to be done to build more homes to meet demand he said. Buyers are returning to the market in droves and sales are now at their highest level since 2007.