"The Chancellor put housing at the heart of this year’s Budget – a £4.5 billion package to help homebuyers and build thousands of new homes.
So I’m delighted that, just five weeks later, the first buyers are moving into their new home through the Help to Buy scheme.
First time buyers Nikolai and Catherine will receive the keys to their new Taylor Wimpey home today. Through the scheme the couple have received a Government loan of 20 per cent, which meant that they only needed to put down a five per cent deposit and obtained a 75 per cent loan-to-value mortgage.
A former Queens Guardsman and a nurse, Nikolai and Catherine are relocating from Newcastle in Northern Ireland to Liverpool, and will now benefit from lower monthly payments while they progress their careers.
We want to help even more people through the scheme, and with over 300 housebuilders now signed up to Help to Buy, I’m confident that over the coming months we’ll see many thousands more achieve their dream of owning a home."
