PM brings forward Help To Buy
David Cameron has confirmed that he plans to bring forward a scheme of state-backed mortgages to help increase home ownership to next week. The so-called Help To Buy scheme had not been due for another three months.
David Cameron has confirmed that he plans to bring forward a scheme of state-backed mortgages to help increase home ownership to next week. The so-called Help To Buy scheme had not been due for another three months.
MPs have had a mixed reaction to the Prime Minister's decision to bring forward the state-backed Help To Buy scheme to next week:
Skills Minister Matthew Hancock:
Proud that Help to Buy will support people to buy first home. Last year only 220,000 first time buyers, compared to 405,000 before the crash
Labour MP Jonathan Reynolds disagreed:
@theresecoffey @matthancockmp Can either of you cite an authoritative non-Conservative source who thinks Help to Buy is a good idea?
Conservative MP for Mid Bedford Nadine Dorries wrote:
Thrilled with help to buy 95% mortgage - that's how most of us bought first house - now scrap HS2 + build houses to balance supply/ demand
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