More People Turning To Help To Buy
As we hear people across our region are struggling to save up to buy a house - new figures show hundreds have turned to the Help To Buy scheme.
The government’s flagship housing scheme, has helped 88,420 people buy a new home since it was created, new figures have revealed today.
Nearly a tenth of these have been in Yorkshire and the Humber with a total of 8,200 homes purchased through the new Government schemes. ** **
Local Authority
Mortgage Guarantee (to 31 December 2014)
Equity Loan (to 31 January 2015)
New Buy (to 31 December 2014)
Total Help to Buy
Leeds
514
695
84
1293
Bradford
250
449
21
720
Wakefield
258
404
41
703
Hull
172
458
35
665
Rotherham
236
323
27
586
Barnsley
205
313
46
564
Sheffield
332
193
20
545
Doncaster
244
246
16
506
Kirklees
272
115
14
401
East Riding of Yorkshire
219
135
11
365
North East Lincolnshire
160
177
13
350
North Lincolnshire
134
162
10
306
Calderdale
179
88
11
278
York
124
106
239
Selby
79
132
11
222
Ryedale
16
96
119
Hambleton
35
62
97
Harrogate
80
15
95
Scarborough
35
46
81
Craven
34
40
Richmondshire
11
13
27
**totals**3589
4234
379
8202
The Prime Minister David Cameron said:
“Thanks to Help to Buy, this government has helped thousands of hardworking people that otherwise would have been locked out of home ownership get the keys to their own home and enjoy the security that comes with it.
“This is all part of our long-term economic plan to secure a better future for Britain – and, together with cutting income tax, lowering council tax bills and freezing fuel duty, the government is backing those who work hard and get on find the financial security they deserve.”
Chancellor of the Exchequer George Osborne said:
“It’s great news that the government’s Help to Buy scheme has now helped almost 90,000 people across the country achieve their dream of buying a new or bigger home.
“We’ve only been able to help thousands of people in the UK because our long-term economic plan is working: through schemes like Help to Buy we’re supporting hard-working taxpayers buy their own home, driving an increase in house building in Britain, ensuring long-term housing supply and creating jobs.”
Home Builders Federation Executive Chairman Stewart Baseley said:
“Help to Buy has helped tens of thousands of people onto the housing ladder who otherwise would have struggled to meet their ambition of home ownership. First time buyers in particular are taking advantage and the scheme is helping people in every part of the country. The resultant rise in demand is allowing builders to increase much needed house building levels. This is turn is creating tens of thousands of jobs and boosting local economies the length and breadth of the country.”