Henry Smith MP has hailed the latest figures showing 132 local families have been helped onto the housing ladder as a result of the Help to Buy scheme.
Henry said;
“I am pleased to see that 132 Crawley families have been helped onto the housing ladder. It is good to see the policies of this Government having such an effect on people across Crawley.
“I remember trying to get that first mortgage, and I am pleased that people in Crawley today are able to have this assistance.
“Under the previous Government, new home building fell to its lowest level since the 1920s, which is why housing shortages are most acute now.”
Throughout the UK, Help to Buy has helped over 71,000 families buy their own home, and over 80 per cent of sales have gone to first-time buyers. 94 per cent of sales have been in areas outside of London; the average price of a home bought under the scheme is around £180,000, well below the national average.
The Help to Buy scheme is giving developers confidence to build, with housebuilding now at its highest level since 2007, and house building orders now rising at their fastest rate since 2003.
Henry continued;
“This Government, and the previous administration at Crawley Borough Council, showed their commitment to helping people onto the housing ladder by taking action. The growing Kilnwood Vale development, as well as Forge Wood, our town's 14th neighbourhood, will result in thousands of affordable new homes.
“As a result, more local families will be able to own their home for the first time, and enjoy the greater financial security that comes with home ownership.”
For more on the Help to Buy scheme, please visit www.helptobuy.org.uk
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