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Milton Keynes acknowledged as the place where people want to put down roots

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Milton Keynes is leading the way in home ownership, according to figures released this week.

A new report shows 326 people in Milton Keynes have taken advantage of the Government’s Help to Buy scheme, which aims to help would-be buyers raise the deposit for a new home and get on the housing ladder.

The report also shows there are more people in MK taking advantage of the government Help to Buy initiative, demonstrating a desire to put down roots in the city.

More than 32 homes have been bought thanks to the government backed HTB mortgage guarantee scheme and 294 new-build homes via the Equity Loan scheme.

The average house price for the combined scheme is around £190,000 (about £150,000 for the mortgage guarantee element), which is well below the national average of £252,000.

This means from Bancroft to Broughton, Wolverton to Woughton, people are realising their dream of buying a house.

Prime Minister David Cameron said: “As Britons, home ownership is in our blood – it’s about aspiration, planning for the future and laying down roots.

“But we inherited a situation where for many people, buying a home seemed all but impossible – people who worked hard, had good jobs and could afford the monthly mortgage payments, but didn’t have the large deposit needed up front.

“For those without rich parents, the dream of home ownership remained just that: a dream. That is why we brought in Help to Buy.

“Today, Help to Buy has helped thousands of hardworking people to buy a new home and crucially it is helping to increase the number of new homes being built around the country.”

“It is an important part of our long-term plan.”

 

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