Prime Minister praise for Warrington Help to Buy

The Prime Minister has welcomed the news that 230 people in Warrington are now on the housing ladder thanks to Help to Buy

Praising the scheme, David Cameron said: “Getting the keys to your first home is a moment that no one forgets – it’s about being able to start planning for the future and enjoying the security that you’ve worked hard for.

The Prime Minister has welcomed the news that 230 people in Warrington are now on the housing ladder thanks to Help to Buy

Praising the scheme, David Cameron said: “Getting the keys to your first home is a moment that no one forgets – it’s about being able to start planning for the future and enjoying the security that you’ve worked hard for.

“But in the aftermath of the great recession the prospect of buying a first home was nothing more than a pipe dream for many thousands of hardworking people in Britain. Even those with a decent salary who could afford monthly mortgage payments were not able to get on the housing ladder because they could not find a deposit. Only those with access to big savings or the ‘bank of mum and dad’ could get the security together to buy a cherished home of their own.

“That is now changing. Today, Help to Buy has helped thousands of hard-working people buy a new home and enjoy the security and peace of mind that comes with that. And crucially, it’s playing a major part in increasing the number of new homes being built around the country – creating jobs and investing in communities.  

“In Warrington we’ve seen particularly strong figures with 230 households benefiting locally.

“This is all part of our long-term economic plan to secure a better future for the region and, together with cutting income tax, lowering council tax bills and freezing fuel duty, the government is backing those who work hard and get on find the financial security they deserve.”

Warrington South MP David Mowat, also welcomed the news.

He said: “Help to Buy is helping people to buy their own home and, together with cutting income tax and freezing fuel duty, is backing those who work hard and get on find the financial security they deserve.”

Across the UK, Help to Buy has helped over 71,000 families buy their own home – with over 80 per cent of sales going to first-time buyers. 94 per cent of sales have been in areas outside of London with the average price of a home bought under the scheme around £180,000, well below the national average.

Help to Buy is giving developers the confidence they need to build, with housebuilding now at its highest level since 2007 and house building orders now rising at their fastest rate since 2003.


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