Help to Buy rush in London

12th February 2016

Just seven days after the Help to Buy London initiative was launched, more than 15,000 first-time buyers have taken up the offer. Mortgage brokers said they had been "deluged" by enquiries from tenants stuck in the "rental trap" and previously unable to save enough cash for a deposit. Ian Sutcliffe, group chief executive of Countryside, said: "The new scheme's popularity reflects the fact that it makes home ownership in London much more attainable and supports buyers far better than the (earlier) nationwide scheme was able to."

Evening Standard (08/02/2016)