Housing ladder boost

10:01 04 June 2014

East Devon MP Hugo Swire

East Devon MP Hugo Swire

Copyright: R Braine cyberphotographer.com

MP Hugo Swire has welcomed new figures showing that the Coalition Government’s Help to Buy scheme has helped East Devon residents to buy their own home.

Help to Buy is helping families to get on the housing ladder in East Devon, with 126 people able to access an affordable mortgage and buy their own home since January 2014.

Across the country over 27,000 people have been able to buy their own home with 85 per cent of those helped first-time buyers.

And 94 per cent of sales have been outside of London and the scheme is supporting responsible lending, with the average price of a house brought around £190,000, well below the national average.

Help to Buy is also giving builders the confidence to build - since the scheme was launched, private sector house building is up 34 per cent and more new homes are now being built than at any time since 2007.

Hugo Swire said: “(The)…recession led to a collapse in house building and meant hardworking people found it nearly impossible to buy their own home.

‘Thanks to the Conservatives, even more families have been able to achieve their dream of owning their own home and can now enjoy greater financial security allowing them to plan for their future.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Exmouth Journal visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Exmouth Journal staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Exmouth Journal account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Other News Stories

06:30

An Exmouth community group, which helps the unemployed find work, has been targeted by thieves.

Read more
Yesterday, 13:30

Images showing a semi-naked woman straddling a dinosaur model in an act of ‘gross indecency’ in Exmouth has sparked anger and disgust, prompting police to investigate

Read more
Yesterday, 12:30

A Lions golf day held in Budleigh Salterton has raised more than £3,000 for an appeal to provide children with better swimming facilities.

Read more
Yesterday, 09:37

Volunteers are being sought to help with this year’s Poppy Appeal.

Read more
Tue, 12:30

A four-year-old girl in Budleigh Salterton was left in tears after finding the bike she loved had been broken beyond repair.

Read more
Tue, 09:33

District chiefs are facing criticism for ‘ignoring’ a town poll calling for more consultation on proposed seafront redevelopment.

Read more
Tue, 07:00

Residents are being asked for their help to draw up a new pattern of council wards for East Devon District Council.

Read more
Mon, 11:18

The second Exmouth Spirit of the Exe and Mussel Festival was held on Saturday on the sea front

Read more
Mon, 06:30

Seafront campaigners have questioned the need to demolish a popular attraction after it was revealed that the site could be open for temporary use next summer.

Read more
Sunday, September 25, 2016

A third of ‘Jurassic Ambassadors’ who volunteer their time to promote the historic coastline are from East Devon.

Read more

Local Weather

Overcast

Overcast

max temp: 17°C

min temp: 15°C

Most Read News

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Reader Travel

Family Notices 24

Read Online

Image
Read the Exmouth Journal e-edition E-edition

Newsletter Sign Up

Local business directory

Exmouth's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications