Chloe SmithMP for Norwich North
Chloe Smith
Member of Parliament for Norwich North, Chloe Smith, has welcomed new figures showing the success of the Government’s Help to Buy: Equity loan, Right to Buy and other schemes in helping hardworking families to buy their own home.
In total over 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 thanks to our Help to Buy: Equity Loan scheme so they can buy their home.
This is real help for people in Norwich, with 14 families able to buy a new home thanks to the Help to Buy and 163 tenants able to buy their council house under Right to Buy. In Broadland, 15 families bought a new home with Help to Buy, and in South Norfolk, 123 families bought a house with the scheme.
These schemes are part of our long-term economic plan that is getting Britain building again. New homes are now being built at the fastest rate since before the financial crash, with the number of new homes registered and the number of housing starts in 2013 at their highest level since 2007 and the number of homes granted planning permission up 22 per cent on 2012.
Chloe commented:
‘Labour left behind a broken housing market where people who did the right thing and wanted to get on the housing ladder simply couldn’t afford the mortgage they needed.
‘That is why the Conservatives launched Help to Buy – to help people access affordable mortgages with a five per cent deposit - and re-invigorated Right to Buy so tenants could buy their council house. In the ten months since this scheme was launched it has already helped 177 local families to buy their own home.
‘Our long-term economic plan is getting Britain building again and helping hardworking people to achieve their dream of owning their own home, where they can feel secure enabling them to plan for their future, raise a family and contribute to their communities.’