Help-to-buy sees high use

Chris Papadopoullos
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JUST under 34,000 homes have been bought using the govern­m­ent’s Help-to-Buy scheme, re­quiring £1.42bn of loans from the Treasury.

The scheme provides a loan to first-time buyers of new builds. The loan can be up to 20 per cent of the house price with only a five per cent deposit needed.

The homes most commonly bought using the scheme were between £150,001 and £200,000, the Department for Com­munities and Local Government said.