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Government helps more than 100,000 home buyers

Wed 19 Mar 2014

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.”

"“Your initial valuations were spot on, just right to attract maximum interest and a modest amount of bidding. The estimated values were also much more accurate than some other estate agents we consulted. Your office was brilliant in providing continuous updates on viewing lists and offers; it also made a difference that you arranged individual rather than mass block viewings. So thank you Jon for two excellent results, great work by all your office staff and you in particular.” "
Mr D