More than 50 houses bought using Help to Buy in Sutton, according to Housing Minister Kris Hopkins

More than 50 houses bought using Help to Buy in Sutton

Kris Hopkins (left) in Sutton with Conservative parliamentary candidate Paul Scully

More than 50 houses bought using Help to Buy in Sutton

First published in News by

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.

Comments (3)

Please log in to enable comment sorting

3:59pm Fri 28 Mar 14

theavengers says...

Standing in front of a long derelict building which could be turned into really affordable housing for working families doesn't impress. How many housing associations cater to 2 parent working low income English families? Many of us working families rent privately in an expensive market due to lack of housing while idiots stand around prime land that could be built on for the greater good having publicity shots made for the papers. Knowing loads of young yuppies can use Help To Buy doesn't help lower income families get on the ladder. Banks won't touch us even though we pay upwards to £1000pcm for 2bdrm properties.
Standing in front of a long derelict building which could be turned into really affordable housing for working families doesn't impress. How many housing associations cater to 2 parent working low income English families? Many of us working families rent privately in an expensive market due to lack of housing while idiots stand around prime land that could be built on for the greater good having publicity shots made for the papers. Knowing loads of young yuppies can use Help To Buy doesn't help lower income families get on the ladder. Banks won't touch us even though we pay upwards to £1000pcm for 2bdrm properties. theavengers
  • Score: 9

12:34pm Sat 29 Mar 14

D Hoole says...

Help to Buy - more fuel on the fire for when this housing bubble goes bang.
Couple on the tv last week saying how great it was that they could buy a 5-bed house as their first home, rather than a 2 or 3-bed, and all thanks to Help to Buy they said. And they have no kids yet either!
Still, it should give the tories a better chance of an outright majority next year...
Help to Buy - more fuel on the fire for when this housing bubble goes bang. Couple on the tv last week saying how great it was that they could buy a 5-bed house as their first home, rather than a 2 or 3-bed, and all thanks to Help to Buy they said. And they have no kids yet either! Still, it should give the tories a better chance of an outright majority next year... D Hoole
  • Score: 1

3:11pm Sun 30 Mar 14

LiberalsOut says...

Sowing the seeds for a repaet of the 2008 crash again
Why do we (I mean politicians)never learn anything from history?
Sowing the seeds for a repaet of the 2008 crash again Why do we (I mean politicians)never learn anything from history? LiberalsOut
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree