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Hopkins speaks up in favour of Help to Buy programme
11:00am Saturday 26th October 2013 in Local news
Housing Minister Kris Hopkins has told the Commons that the Government’s Help to Buy scheme is having a pivotal effect in enabling first-time buyers to purchase their own homes.
Making his debut at the Despatch Box following his appointment in the ministerial reshuffle, the Ilkley MP said the Government was committed to supporting people’s aspirations in the housing market.
“In just six months, our Help to Buy scheme has helped over 15,000 households reserve a new home for themselves and their families,” he said. “The scheme is proving extremely popular with first-time buyers.”
Mr Hopkins stressed that, since the 2008 housing crash, many people had struggled to get on the housing ladder – but Help to Buy was now making a positive difference.
“The tremendous response that RBS, for instance, has had, with some 10,000 inquiries in the first four working days, demonstrates that the Government is on the side of hard-working people,” he said.
However, the former Bradford Council Leader cautioned against media speculation that Help to Buy would fuel a nationwide housing bubble.
He said: “As a northern MP, I know that if we remove London and the south-east from the national figure of 3.8 per cent for price rises, we get 2.1 per cent for our part of the country.
“Several other parts have seen no increase at all, so we need to stick up for the Blackpools, Burnleys and Bradfords as well.”
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