171 Crawley families get homes through help to buy schemes
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Some 600,000 families in England have placed a foot on the housing ladder since 2010 through Help to Buy and Right to Buy schemes.
More than 98,000 bought their council home.
Crawley MP Henry Smith said: “This is good news for 171 families in Crawley who have been able to get the security of their own home through the Government’s Help to Buy schemes.
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Hide Ad“We want as many people as possible to get a foot on the housing ladder, that’s why stamp duty has been abolished for 95 per cent of first-time buyers. “Help to Buy has also been boosted and the Government have an ambitious plan to build 300,000 new homes a year by the mid-2020s.”
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Help to Buy has two main schemes.
One allows future first-time buyers to take out an Individual Savings Account (ISA) which pays out a government bonus of up to £3,000 towards the cost of a new home.
Another scheme, the equity loan, means buyers only need to raise 5 per cent of a property’s value for a deposit and the Government will stump up a loan of up to 20 per cent of the property’s value which is interest-free for five years.