Help to Buy helps 10,000 Reserve New Builds

Eric Pickles, the communities and local government secretary, has reported that the Help to Buy scheme has helped 10,000 aspiring homeowners to reserve properties for new-build homes. Mr Pickles said: “This government’s package of measures to boost the housing market is working, with house building and housing supply on the up.” Separately, Mark Clare, chief executive of Barratt, said the company was increasing production to meet the high levels of demand. “Customer interest in the Help to Buy scheme has been very strong, as it addresses the issue of lack of mortgage finance at higher loan to values,” he said.

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