Government housing policies help 100,000
Over 100,000 households have been helped onto the property ladder by the government's Help to Buy and Right to Buy initiatives.The government says the policies are helping people from all areas of the housing market to become homeowners. Overall the number of homeowners who have been helped to buy or reserve a home is over 112,000 since 2010.Right to Buy enables tenants to buy their homes. Some 24,000 social tenants have been assisted by the scheme, with the majority of sales taking place since the government reinvigorated the scheme in 2012.Help to Buy enables people to buy new properties and get on the housing ladder. Nearly 48,000 are being assisted by the policy, with over 41,000 in new build homes, and the majority of those are first-time buyers.Affordable schemes, such as shared ownership, have enabled almost 41,000 households to buy their own home.In addition to helping people realise their aspirations, the government claims its initiatives are encouraging housebuilders to boost the supply of new homes. Over 400,000 homes have been built since 2010 and latest figures reveal the number of new starts in 2013 was up by 23 per cent on the previous year.Communities secretary Eric Pickles said the housing market was broken when the coalition came to power in 2010."We're now seeing buyers returning to the market in droves, and new homes being built across the country," he commented. "Both buying and building are at their highest levels since 2007, underpinned by our action to cut the deficit and keep interest rates low. But there's still more to do, and improving the housing market will remain a vital part of our long-term economic plan."Housing minister Kris Hopkins said the government reinvigorated Right to Buy because it believes in aspiration. He said it plans to extend the scheme so more social tenants can take advantage of it during 2014. The government will ensure discounts rise with inflation and increase maximum discount for houses.
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