More than 50 houses bought using Help to Buy in Sutton, according to Housing Minister Kris Hopkins
More than 50 homes in Sutton have been bought under a Government scheme.
Recent figures show that 57 houses in the borough were bought under the Government’s Help to Buy scheme.
Housing Minister Kris Hopkins said, "The scheme has proved itself a valuable alternative to the bank of mum and dad, and since each home sold is new-build, the Equity Loan is also getting
London building again and creating exciting and rewarding career opportunities for local people."
The country-wide scheme was launched 11 months ago and since then more than 1,130 households have bought new build homes. The total sales for London are 1, 131.
The Help to Buy scheme enables people to buy a newly-built home with a deposit of at least 5% of the property price, while the Government offers a loan of up to 20%. The rest is covered by a mortgage.
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