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Help to Buy’s North East success

20 January 2016

By James

The North East is being recognised as an area of particular success for the Help to Buy scheme, new figures have shown.

The scheme’s statistics show that County Durham is one of the top six areas for first-time buyers using Help to Buy, with a total of 803 families benefiting. Other areas of success in the region include Newcastle and Sunderland, each with around four hundred families making use of the scheme.

But while the scheme is proving a success story in this area, there are concerns that the effects are not being felt nationally. Roberta Blackman-Woods, MP for Durham City and Shadow Minister for Housing and Planning, said that, while Help to Buy had been a huge success in her own constituency, it is “a much bleaker picture” nationally.

The Department for Communities and Local Government has released figures showing that, throughout the London boroughs of Kensington and Chelsea and Richmond, only two people had been helped to buy through the scheme.

“The scheme has evidently not gone far enough,” Dr Blackman-Woods said.

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