Help to Buy Scheme: Milton Keynes hits top five in the UK

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The number of people successfully owning their own home through the government’s Help to Buy scheme has ranked Milton Keynes North in the UK top five.

Mark Lancaster MP has welcomed the news that 327 people in his constituency have been able to access an affordable mortgage and get on the housing ladder.

These figures, once combined with Milton Keynes South, who have supported 235 Help to Buy schemes, means a total of 562 families across MK have the security of owning their own property.

Mr Lancaster said: “Thanks to Labour’s Great Recession the prospect of buying a first home was nothing more than a pipe dream for many thousands of hardworking taxpayers in Britain.

“That’s why the Conservatives, as part of our long-term economic plan, launched Help to Buy which has so far, helped 327 families in MK North buy their own home, achieve their dream of homeownership and enjoy the security and peace of mind that comes with that.”

Across the UK, Help to Buy has supported over 71,000 families to buy their own home, with over 80 per cent of sales going to first-time buyers.

A total of 94 per cent of sales have been in areas outside of London with the average price of a home bought under the scheme around £180,000, which is below the national average.

Iain Stewart, MP for Milton Keynes South, said: “I recently met with a young couple who had managed to buy their first home using Help to Buy.

“Understandably they were very proud and excited for the years ahead. This is what this scheme is all about, giving people who work hard and do the right things, the opportunities to get on the housing ladder and build a future for themselves and their families.

“I am very proud to say Milton Keynes has one of the highest take up rates across the country and I hope we continue to see that trend over the coming year.”