Four in every 10 buyers of a new home are taking advantage of the government-backed Help-to-Buy scheme,
following reboot announced in last November's budget, report housebuilders.
The government-backed scheme covers homes valued up to £600,000 and allows buyers to purchase with a relatively low deposit of 5pc.
With the government providing an equity loan of 40pc, buyers need a mortgage of 55pc of purchase price, achievable for those with lower earnings.
Read more here:
https://www.homesandproperty.co.uk/property-news/four-in-10-new-homes-buyers-are-using-help-to-buy-to-get-on-the-property-ladder-a118226.html