Embargoed to 0001 Thursday March 6File photo dates 09/08/13 of Estate Agent's boards as the Government has failed to demonstrate whether its ?3.7 billion Help To Buy equity loan mortgage scheme is giving value for money, the spending watchdog has warned. PRESS ASSOCIATION Photo. Issue date: Thursday March 6, 2014. The scheme was launched in England last April with the aim of offering credit-worthy buyers with a deposit of at least 5% a helping hand onto the property ladder as well as increasing the housing supply by being targeted at new-build properties only. But the National Audit Office (NAO) found there is no method in place to measure what the
%VIRTUAL-SkimlinksPromo%The number of mortgages handed out to first-time buyers in January jumped by 38% on a year earlier, banks and building societies have reported.
The pick-up came amid signs that people taking their first step on the property ladder are starting to put down smaller deposits due to the Government's flagship Help to Buy scheme, the Council of Mortgage Lenders (CML) said.
Let us send you our newsletter.
Our editors will email you a roundup of their favourite stories from across AOL
