I was pleased to read this week that the government’s Help to Buy scheme has now helped 100,000 people to buy a home. 80% of those were first time buyers. In the Wokingham constituency 50 have used the mortgage guarantee, and 194 have taken out an equity loan, meaning 244 people now own a home with help from the scheme.
I am currently pressing West Berkshire and Wokingham Councils to work with developers on the new government initiative to provide more affordable homes for purchase, with a discount for first time buyers under the age of 40. I look forward to seeing the first purchases under that scheme, to add to the Help to Buy successes.
Home ownership for the many is our goal.