Stewart Jackson MP has welcomed new figures showing that Help to Buy has helped 320 people to buy their own home in Peterborough.

Help to Buy was introduced by the Conservatives to help working people doing the right thing and saving for a deposit to achieve their aspiration of buying their own home. Across the country, Help to Buy has now enabled nearly 120,000 families to buy a new home, less than three years since it was launched. 80 per cent of those helped are first-time buyers – realising the dream of owning their own home – and 95 per cent of completions have been outside of London.

The Chancellor has now said that the stronger economy and financial system means the Government expects banks to start to exit the Help to Buy Mortgage scheme, which was introduced in times of financial distress and will come to an end next year in any case.

The Help to Buy shared equity scheme continues to go from strength to strength and the new Help to Buy ISA the Government is launching in December will provide generous support to those saving for their first home by providing a government boost on their deposit.

Stewart Jackson MP commented:

‘Conservatives are committed to helping working people achieve the aspiration of buying their own home and our Help to Buy scheme has now helped 320 families to buy their own home in Peterborough.

‘The stronger economy and financial system means the Government expects banks to start to exit our Help to Buy Mortgage scheme, and it was introduced in times of financial distress and will come to an end next year in any case.

‘The Help to Buy shared equity scheme goes from strength to strength and our new Help to Buy ISA we’re launching in December will provide generous support to those saving for their first home by providing a government boost on their deposit.

‘Supporting people who want to work hard, save and buy their own home is a key part of the Conservatives’ long term plan to provide economic security for working people at every stage of their life, across the UK.’

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