Rob Loughenbury, prospective Conservative MP for Chorley, has welcomed new figures showing the success of the Government’s Help to Buy mortgage scheme in Chorley.
Figures released by the Department for Communities and Local Government show that, since April 2013, 83 Chorley families have used Help to Buy to get on the housing ladder. Many of these families live in Buckshaw Village, which continues to be a strong magnet for young families moving into their first home. Last April, Rob Loughenbury welcomed Prime Minister David Cameron to Buckshaw to meet working Chorley families benefitting from Help to Buy.
Rob Loughenbury said:
“As a working parent who is frozen out of the housing market, I know how frustrating it is not own a home. It is not right that hardworking people must rent for years on end because they do not have a large deposit ready to hand.
Labour left behind a broken housing market where people who worked hard and wanted a home of their own simply couldn’t afford a mortgage. This is why the Conservatives launched Help to Buy, so working people could access affordable mortgages with a five per cent deposit.
It is fantastic news to find out that in the ten months since this scheme was launched, it has already helped almost 100 Chorley families to buy their own home.”
Across the UK, 100,000 hardworking families are being helped onto the housing ladder, with 14,000 able to buy their council house thanks to Right to Buy since 2012 and over 25,000 given access to an affordable mortgage through Help to Buy. New homes are being built at the fastest rate since before the financial crash and the number of homes granted planning permission is up 22 per cent on 2012.