Amanda Milling MP has welcomed new figures showing that Help to Buy has helped 269 people to buy their own home in Cannock Chase constituency. The biggest number in Staffordshire.
Help to Buy was introduced by the Conservatives to help working people doing the right thing and saving for a deposit to achieve their aspiration of buying their own home. Across the country, Help to Buy has now enabled nearly 120,000 families to buy a new home, less than three years since it was launched. 80 per cent of those helped are first-time buyers – realising the dream of owning their own home – and 95 per cent of completions have been outside of London.
The Chancellor has now said that the stronger economy and financial system means the Government expects banks to start to exit the Help to Buy Mortgage scheme, which was introduced in times of financial distress and will come to an end next year in any case.
The Help to Buy shared equity scheme continues to go from strength to strength and the new Help to Buy ISA the Government is launching in December will provide generous support to those saving for their first home by providing a government boost on their deposit.
Amanda Milling commented:
“It is great news that we have been able to help 269 families to buy their own home in Cannock Chase constituency. It’s really important to help local people trying to get their feet on the property ladder here and the Help to Buy shared equity scheme goes from strength to strength. Our new Help to Buy ISA we’re launching in December will also help by providing generous support to those saving for their first home by providing through the government boost on their deposit”