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Help-to-buy sees high use
JUST under 34,000 homes have been bought using the government’s Help-to-Buy scheme, requiring £1.42bn of loans from the Treasury.
The scheme provides a loan to first-time buyers of new builds. The loan can be up to 20 per cent of the house price with only a five per cent deposit needed.
The homes most commonly bought using the scheme were between £150,001 and £200,000, the Department for Communities and Local Government said.