New figures show that in the UK government backed housing schemes have created 25,000 new home owners to date.
Tens of thousands of people have taken their first steps onto the property ladder thanks to government backed schemes and this clearly shows that the housing market is on the move, according to Housing Minister Mark Prisk.
Overall, the number of new home owners created by government backed schemes is over 25,000 to date with more in the pipeline.
This includes 3,749 people helped to buy newly built homes through the industry led NewBuy scheme since its launch in March 2012. NewBuy has been complemented by the Help to Buy Equity Loan scheme, which in its first four months has seen over 3,000 sales and 10,000 reservations.
More than 8,000 council tenants helped into home ownership through the reinvigorated Right to Buy scheme and 10,633 people have been helped into home ownership through the former FirstBuy scheme.
Even more are set to benefit with the Help to Buy Mortgage Guarantee coming into force in January 2014 and through over 20,000 new homes being built specifically for shared ownership schemes.
Prisk said that these schemes combined are also helping to get Britain building, with major house builders confirming they will build more homes as a direct result of this increased demand, and Right to Buy receipts from additional sales being recycled back into the development of new affordable homes for rent.
Already, the latest house building figures show there were 29,510 new homes started between April and June this year, a third higher than the same period in 2012.
'The housing market is clearly moving again, with nearly 26,000 hard working people helped to achieve their dreams of home ownership through the range of government backed schemes on offer. I expect to see even more people benefit from the support we're making available,' added Prisk. propertywire
Tens of thousands of people have taken their first steps onto the property ladder thanks to government backed schemes and this clearly shows that the housing market is on the move, according to Housing Minister Mark Prisk.
Overall, the number of new home owners created by government backed schemes is over 25,000 to date with more in the pipeline.
This includes 3,749 people helped to buy newly built homes through the industry led NewBuy scheme since its launch in March 2012. NewBuy has been complemented by the Help to Buy Equity Loan scheme, which in its first four months has seen over 3,000 sales and 10,000 reservations.
More than 8,000 council tenants helped into home ownership through the reinvigorated Right to Buy scheme and 10,633 people have been helped into home ownership through the former FirstBuy scheme.
Even more are set to benefit with the Help to Buy Mortgage Guarantee coming into force in January 2014 and through over 20,000 new homes being built specifically for shared ownership schemes.
Prisk said that these schemes combined are also helping to get Britain building, with major house builders confirming they will build more homes as a direct result of this increased demand, and Right to Buy receipts from additional sales being recycled back into the development of new affordable homes for rent.
Already, the latest house building figures show there were 29,510 new homes started between April and June this year, a third higher than the same period in 2012.
'The housing market is clearly moving again, with nearly 26,000 hard working people helped to achieve their dreams of home ownership through the range of government backed schemes on offer. I expect to see even more people benefit from the support we're making available,' added Prisk. propertywire
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