Southport Reporter ® Online Newspaper for Merseyside
Southport and Mersey Reporter- Your online only weekly Newspaper.
Your Online Newspaper for the Merseyside Area.

Click on to see our Twitter Feed.  Click on to see our Facebook Page.  Click on to follow our LinkedIn Profile.  This website is licence to carry news from and UK Press Photography. 

Latest Edition Archive Shop Order Photos Help Group Hub


Click here to access your advert administration page.
Advertisers  Admin

Click here to get seen in our 'Business Index' and also to get on our banner system oppersite and pay online today via 'Pay Pal'...!
Advert Options

Updated news stories weekly.  Published online only over every  Friday Night.

Your online newspaper.   Your words.

Issue:- 6 March 2015

Help to Buy helps 2,000 buy a new home in Merseyside

'HELP to Buy', the government's flagship housing scheme, has helped 2,261 people in Merseyside buy a new home since it was created, new figures have revealed.

Since the launch of the Help to Buy equity loan and mortgage guarantee schemes:-

80% of scheme completions have been made by 1st time buyers.

The average house price has been £185,000, significantly below the national average.

Over 80,000 people have bought a home through the scheme, including over 11,000 in the North West.

94% of Help to Buy completions take place outside of London.

Over ½ of Help to Buy completions have been for new build homes.

All part of the government's long term economic plan to help hardworking people get the keys to their own home.

Did you know that:- 'Help to Buy' was created in 2013 to support hard working taxpayers who could pay a mortgage, but couldn't afford the high deposits demanded by lenders in the wake of the financial crisis.

Together with the government's 'Help to Buy - NewBuy' scheme; which offers 95% mortgages for those buying new build properties, the number of new home owners has reached almost ninety thousand.

The scheme also continues to benefit first time buyers overwhelmingly, with the vast majority of sales outside of London and at prices well below the national average.

Help to Buy is also ensuring the long-term health of the housing market by increasing housing supply, stimulating home building. Over half of the homes bought through Help to Buy are new-build properties, helping to contribute to the 37% rise in private house building since the launch of Help to Buy.

First time buyers

As the latest statistics show, 'Help to Buy' is helping people who need it most, with 66,661 households having bought their 1st home thanks to the scheme.

This is 80% of overall 'Help to Buy' buyers, demonstrating that the scheme is successfully targeting those who need help getting on the housing ladder, despite only accounting for a small proportion of the mortgage market (3% for both mortgage guarantee and equity loan).

Helping people across the UK

'Help to Buy' is helping people throughout the UK achieve their dream of owning a new or bigger home.

With almost all completions outside London, the highest number of homes have been through the mortgage guarantee scheme in the North West region. The equity loan; a scheme for new build properties; is particularly high in the South East region.

Figures for the mortgage guarantee scheme also show completions have been least concentrated in regions where house price growth is highest. In London the scheme makes up just 1.3% of all mortgage lending compared to an average of 3% across the country.

Getting Britain building

'Help to Buy' is also supporting the country's economy by getting Britain building again. Over ½ of homes bought under the scheme were new-build properties, contributing to the sharpest rise in house building orders since 2003.

And it has incentivised growth in the construction industry; which has now been growing for 21 consecutive months. Last year housing starts increased by 10%, and they up more than 80% under this government. Both annual housing starts and planning approvals are at a seven year high, with 537,000 new homes being built during this parliament.

Responsible lending

'Help to Buy' was designed to support responsible lending, and the Bank of England made it clear in October that the scheme is:- "not a material driver of house price growth."

This is demonstrated by the figures: the average house price for both parts of the scheme, at £185,000 (£156,000 for the mortgage guarantee and £212,000 for the equity loan scheme), remains significantly below the national average house price of £272,000.

The average house price to income multiple under the mortgage guarantee scheme is just over 3.5x salary, and capped at a 4.5x ratio to ensure responsible lending.

The Prime Minister David Cameron said:- "Thanks to Help to Buy, this government has helped thousands of hardworking people that otherwise would have been locked out of home ownership get the keys to their own home and enjoy the security that comes with it. This is all part of our long term economic plan to secure a better future for Britain; and, together with cutting Income Tax, lowering Council Tax bills and freezing fuel duty, the government is backing those who work hard and get on find the financial security they deserve."

Chancellor of the Exchequer George Osborne said:- "It's great news that the government's Help to Buy scheme has now helped almost 90,000 people across the country achieve their dream of buying a new or bigger home. We've only been able to help thousands of people in the UK because our long term economic plan is working: through schemes like Help to Buy we're supporting hard working taxpayers buy their own home, driving an increase in house building in Britain, ensuring long term housing supply and creating jobs."

Home Builders Federation Executive Chairman Stewart Baseley said:- "Help to Buy has helped tens of thousands of people onto the housing ladder who otherwise would have struggled to meet their ambition of home ownership. First time buyers in particular are taking advantage and the scheme is helping people in every part of the country. The resultant rise in demand is allowing builders to increase much needed house building levels. This is turn is creating tens of thousands of jobs and boosting local economies the length and breadth of the country."

Communities Secretary Eric Pickles said:- "The 2008 housing crash locked thousands of people out of the housing market, leaving them unable to fulfil their dream of owning their own home. That's why the Help to Buy scheme is a key part of our long term economic plan, helping over 88,000 hard working households onto the property ladder with a fraction of the deposit they would normally require, while at the same time boosting house building. This, and our new Starter Homes initiative offering a 20% discount on newly built homes for first-time buyers, will continue to offer a strong alternative to the Bank of Mum and Dad."

Chief Secretary to the Treasury Danny Alexander said:- "Help to Buy has now helped almost 90,000 thousand homebuyers across the UK buy a new of bigger home as part of this government's drive to create a fairer society. We have been able to introduce this scheme; which is just one of the many ways that we're helping people across the UK; because we've got the public finances and economy on a stronger footing, as the fastest growing economy in the G7."

Letter to the Editor:- "Intention to stand candidates in May elections."

"THE Maghull, Lydiate, Aintree, and Formby Community Action Groups are joining together to oppose the current draft of the Local Plan, which if it goes ahead in its current form will overwhelm the infrastructure in Sefton Central. The level of development proposed for Sefton is unsustainable and unprecedented in recent years. There are great concerns even within the Council's own documents as to the viability of this plan as it relies too heavily on private funding from developments to support necessary infrastructural improvements and affordable housing. Since the 1st draft of the local plan, projections of population have fallen significantly, in the face of this the amount of green belt to be released has increased and the demands placed upon developers for affordable homes has decreased. Many Councillors have failed to represent the concerns of residents and have left them without a voice throughout the Plan making process. In light of the above we feel that we have no option, but to stand Community Action candidates against any Sefton Central Councillor that votes in support of this un-amended Local Plan on Thursday, 22 of January 2015." Cllr Maria Bennett Chair of FRAGOFF, Mr David Brennan Chair of Aintree Community Action Group and Mrs Patricia O'Hanlon Chair of Maghull and Lydiate Community Action Group.

News Report Page Quick Flick.

Click on here to go back to this week's home page! News Report Page Quick Flick
Click on this section to see last weeks edition of Southport and Mersey Reporter!

Sign up today for our daily email news service!

Sign up to our Daily Email News Service by clicking here now...

Did you know we where the UK's first online only newspaper and we still are?  Here at Southport and Mersey Reporter  we are still at  leading the way for local news.

All email addresses and information is held under the UK's Data Protection Act.




Contact us:-
(+44)  08443 244 195
Calls will cost 7p per minute, plus your telephone company's access charge.
Calls to this number may be recorded for security, broadcast, training and record keeping.

RSS  Weekly Headline Update Notices
4a Post Office Ave, Southport, Merseyside, PR9 0US, UK
This online newspaper and information service is regulated by IMPRESS, the independent monitor for the UK's press.

This online newspaper and information service is regulated by IMPRESS the independent monitor for the UK's press.

How to make a complaint

This is our process:-  Complaints Policy  -  Complaints Procedure  -  Whistle Blowing Policy


See the view live webcamera images of the road outside our studio/newsroom in the hart of Southport.

Our live Southport Webcam image above.
To see it live, please click on image.

Event Notices

More events that are taking place on Merseyside can be found on our Event Listings Calendar.

Find out whats on in and around Merseyside! Click on here to see our event calendar.
Are you going to this event?  If you are please let us know what you thought of it!

These are our other websites within the Southport & Mersey Reporter Network.

Mersey Reporter - OUR HUB WEBSITE. Liverpool Reporter - Our online music station. Southport TV - Our online video archive.
Mersey Reporter Formby Reporter Liverpool Reporter Southport TV


Tracking & Cookie Usage Policy - Terms & Conditions

© - Southport Reporter® is the Registered Trade Mark of Patrick Trollope