Bill Wiggin MP is delighted 72 families in North Herefordshire have been able to access an affordable mortgage and get on the housing ladder thanks to Help to Buy.
New figures released last week show that the Conservatives’ Help to Buy scheme has helped 124 families in Herefordshire achieve their dream of buying their own home, including 72 families in Bill Wiggin MP’s North Herefordshire constituency.
Bill Wiggin MP said: “It is fantastic that the Conservatives long-term economic plan has so far helped 72 families in North Herefordshire buy their own home.
The Help to Buy scheme is enabling families from every part of the country to achieve their dreams of homeownership and enjoy the security and peace of mind that comes with that.
Thanks to Labour’s Great Recession the prospect of buying a first home was nothing more than a pipe dream for many thousands of hardworking taxpayers in Britain, but now 72 families in North Herefordshire are home owners.
Help to Buy is a key part of our long-term economic plan that is helping people to buy their own home and, together with cutting income tax and freezing fuel duty, is backing those who work hard and get on find the financial security they deserve.”
Across the UK, Help to Buy has helped over 71,000 families buy their own home – with over 80 per cent of sales going to first-time buyers. 94 per cent of sales have been in areas outside of London with the average price of a home bought under the scheme around £180,000, well below the national average.
Help to Buy is giving developers the confidence they need to build, with housebuilding now at its highest level since 2007 and house building orders now rising at their fastest rate since 2003, and is supporting responsible lending.
Despite this Labour want to cut back and restrict Help to Buy – which would make it harder for people to access an affordable mortgage and get on the housing ladder.