London and south-east grab the lions share of Help to Buy

More than 48,000 homebuyers have used the scheme since its launch, Treasury figures show

London and the south-east grabbed the largest share of Help to Buy loans, according to the latest figures showing more than 48,000 homebuyers have used the government scheme aimed at homebuyers with small deposits.

Adding to concerns that subsidies have triggered a surge in house prices, 7,501 buyers in the south-east and 2,837 in London have taken out either an interest-free loan on a new build home or used the mortgage guarantee that allows them to buy a home with only a 5% deposit. The popularity of the scheme in the south-east pushed the north-west into second place, registering 6,180 buyers under the scheme.

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Source Network Front | The Guardian http://ift.tt/1qlh0Po

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