Help to buy scheme scores over 80 sales in Doncaster

Housing development
Housing development

More than 85 residents across the borough have signed up for the Government’s Help to Buy equity loan scheme, according to new figures.

The scheme, which was launched in October last year, enables people to buy newly-built homes with a deposit of at least five per cent of the property price,while the Government offers a loan of 20 per cent and the rest is covered by a mortgage.

Around 87 residents in Doncaster have brought new homes through the scheme, while the total number of sales in Yorkshire comes to 1,281, and 28,000 nationally.

Housing Minister, Kris Hopkins said of the Help to Buy equity loan scheme: “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.”

He added: “Help to Buy was introduced for the benefit of the whole country, because this government is determined to ensure that anyone who works hard and wants to buy their own home should have the chance to do so. Since each home sold is new-build, the Equity Loan is also getting Yorkshire building again.”