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Housing scheme proves popular across the Dearne

Housing development

Housing development

Over 200 residents across the Dearne have opted to get on the property ladder using the Help to Buy scheme since it was launched last year.

Take up of the scheme has been particularly strong in the region, with 126 sales through the scheme in Barnsley, and 119 in Rotherham.

The Help to Buy scheme allows people to buy a newly-built home with a deposit of at least 5 per cent of the property price, while the government offers a loan of up to 20 per cent, with the rest covered by a mortgage.

Housing Minister Kris Hopkins said the Help to Buy scheme was introduced to benefit the whole country and provided a much needed ‘boost’ to house building.

He added: “I’m really pleased to see how people across Yorkshire are voting with their feet and using the Help to Buy: Equity Loan to get a foothold on the property ladder.

“The scheme has proved itself a valuable alternative to the bank of Mum and Dad, and since each home sold is new-build, the Equity Loan is also getting Yorkshire building again and creating exciting and rewarding career opportunities for local people.”

A total of 1,300 Help to Buy sales have been made across all of Yorkshire.

 

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