Skip to main content

Help to Buy Scheme

Volume 571: debated on Monday 25 November 2013

13. How many people in Plymouth, Sutton and Devonport constituency have been accepted to be considered in principle for a Help to Buy mortgage to date. (901210)

Up to September, Help to Buy had already helped 44 households to complete their purchase of a new home in Plymouth. Across England, it has generated more than 18,000 reservations for new homes.

I thank my hon. Friend for that excellent reply. How does his Department propose to promote the Help to Buy initiative with those council and housing association tenants who qualify to buy their homes under Mrs Thatcher’s excellent right to buy scheme?

We have increased the discount available to those exercising their right to buy, and I am delighted with the results. Since April 2012, almost 13,500 families have been helped to buy their own home through the scheme. The level of discount assists potential buyers outside the Help to Buy scheme, which is designed to help those with lower deposits.