Young people in Milton Keynes are getting on the housing ladder
More first-time buyers in Milton Keynes are successfully getting on the housing ladder compared to almost anywhere else in the country thanks to the Government's Help to Buy scheme.
Since the Help to Buy scheme was introduced in 2013, more than 1,700 loans have been taken by people in Milton Keynes at a value of Â£100million.
Milton Keynes ranks 7th in the country out of 346 local authority areas for the number of homes bought using the equity loan scheme.
Milton Keynes North MP Mark Lancaster said: “I am delighted so many first-time buyers are realising their dream of owning a home.
"Help to Buy has been hugely popular scheme in Milton Keynes and across the UK, with 420,000 people getting support so far.
"And with the Government’s stamp duty cuts and the lifetime ISA, it is a good time for first-time buyers to get on the ladder.”
Milton Keynes South MP Iain Stewart added: “I have been a big advocate of the Help to Buy scheme. We know we need to build more homes, but the scheme has been helpful in restoring the dream of home ownership for many.
Affordability is still a real issue and Help to Buy won’t help everyone. That’s why I continue to lobby for expanding shared ownership schemes and making housing more community focused.”