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A quarter of all Help to Buy applications from London

A quarter of all Help to Buy applications from Londoners Credit: Rui Vieira/PA Wire

A quarter of all applications for the government's Help to Buy Scheme have been from London and the South East, according to the latest figures. The controversial scheme has been running for three months and is due to continue until 2017.

In the less than three months that the mortgage guarantee scheme has been offered, nearly 750 homeowners have completed their purchases and hundreds were able to spend Christmas in their new homes.