Help to Buy scheme has been promising for Hampshire residents
More than 5,000 homebuyers in Hampshire have used Help to Buy with 87 per cent being first time buyers.
Latest government figures reveal that 5.047 people in Hampshire have used the scheme since it was launched in April 2013.
First time buyers accounted for 87 per cent of sales and local housebuilder Barratt Homes says the scheme has been a real game changer.
Michelle Storer, sales director for Barratt Homes said the scheme has proved invaluable for first time buyers and the scrapping of stamp duty for this group has given those looking to get on the housing ladder an additional boost.
“While Help to Buy is available for first time buyers and those moving up the housing ladder the statistics reveal what a massive help it has been to those looking to buy their first home in particular,” said Michelle.
Help to Buy enables anyone to put down just five per cent as a deposit for their new home and to take advantage of a government equity loan providing access to more affordable mortgage rates.