The government’s Help to Buy scheme is an unmitigated success by helping 170,000 home buyers to realise their dream property.
The government should give first time buyers loans for their deposit to buy their homes to create a culture of home ownership.
The government has pledged £10 billion for the Help to Buy scheme to fund 135,000 first time buyers to get on the property ladder.
CBI business leaders have urged the government to tackle the housing crisis to meet their target of a million new homes by 2020.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.
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