Government's NewBuy scheme passes 2,000 reservations

Posted on November 9, 2012 by davidb There have been 0 comments

The Home Builders Federation has today released some figures which show that more than 2,000 people have now reserved homes through the NewBuy scheme.

Launched in March 2012 the NewBuy scheme is a Government backed ‘mortgage indemnity’ scheme that aims to help people with smaller deposits buy a new build home.

And in other good news The Home Builders Federation says that 50 builders are now registered to sell homes through the scheme meaning there is a "wide cross section of small and large builders across the country signed up".

"Reaching 2,000 NewBuy reservations clearly demonstrates the customer need for such a scheme," said HBF executive chairman Stewart Baseley. "Over the coming years NewBuy will make a real difference and help tens of thousands of people realise their ambitions of home ownership."

This post was posted in News and was tagged with NewBuy, Home Builders Foundation, Government, HBF, Mortgage

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