- 6 updates
Fred and Sangeeta speak to David Cameron about the recently launched Help to Buy scheme and how early homeowners need help to get on the property ladder. The Prime Minister expresses his sympathy for residents in Yalding whom he visited earlier this month.
David Cameron admits there are lessons to be learnt from the flooding and power cuts in our region. As rail fares are increasing, the Prime Minister says he is putting money in to improve rail capacity and reveals his New Year resolutions for the country.
The Prime Minister is visiting Southampton today as part of the Help to Buy scheme launch.
The scheme will see £1 billion of new loans and 6000 applications within the space of three months.
David Cameron announced today that the over 6000 people have put in offers for a mortgage as part of the Government's Help to Buy scheme.
The mortgages, once approved, would represent nearly £1bn of new lending to aspiring home owners who may have previously found the property market out-of-reach.
The schemes come as part of the long-term economic plan to build a stronger, more competitive economy to secure a better future for Britain.
The Prime Minister David Cameron said:
"The New Year is often a time when people look to make those big life-changing decisions like moving home or taking that first step on the housing ladder. But too many people have found themselves frozen out of the market in recent years as a result of the size of the deposit required."
Prime Minister David Cameron is due to visit Southampton today to highlight the Help To Buy scheme which has seen 6000 homes sold and £1bn lent in the first three months.
In just 12 weeks since the scheme launched, nearly 750 homeowners have completed their purchases and hundreds were able to spend Christmas in their new homes.
David Cameron will today be meeting homeowners in Southampton who have benefited from the Help to Buy scheme.