Osborne welcomes Help to Buy figures

Chancellor George Osborne has tweeted welcoming figures which show the Help to Buy mortgage scheme has been used in 7,313 purchases so far.

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New stats show 85% of those using #HelptoBuy scheme are 1st time buyers. Helping hardworking people step onto the property ladder

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7,313 Help to Buy mortgages completed in six months

There were 7,313 mortgages completed with the aid of the Help to Buy mortgage guarantee in its first six months, according to data from the Treasury.