Government helps more than 100,000 home buyers

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Fri 25 Apr 2014

Government helps more than 100,000 home buyers

Figures published by the Department for Communities and Local Government have revealed that government schemes have helped more than 100,000 home buyers since 2010.

Schemes such as, Help to Buy and Right to Buy have played an important part in driving up the number of people that have been assisted in purchasing or reserving their own home.

The figures have shown that 24,000 social housing tenants have taken up the right to purchase their council house and a further 41,000 people have been given the chance to step onto the property ladder through affordable schemes such as shared ownership.

The Help to Buy scheme has proved to be the most popular with 48,000 people receiving assistance in funding the purchase of a property. The majority of this group are first time buyers.

Housing Minister Kris Hopkins commented: "Our strong support for home ownership is not merely an economic calculation, it's because we believe in aspiration.”