Home buy­ers choose to shun the help of gov­ern­ment-run schemes

Buckinghamshire Advertiser - - NEWS -

PEO­PLE in Chiltern and South Bucks do not ap­pear to be us­ing gov­ern­ment support schemes in­tended to help home buy­ers.

The mort­gage guar­an­tee scheme al­lows lenders to se­cure gov­ern­ment back­ing for the vast majority of losses a bank or build­ing so­ci­ety would take on if a buyer fails to keep up with mort­gage re­pay­ments and they re­pos­sess a home.

The Gov­ern­ment is now back­ing £2.7bn of th­ese loans around the UK.

The statis­tics show in Ayles­bury Vale 66 peo­ple took the sup­ported loans, val­ued at £12,408,603, with the av­er­age value of the loan be­ing £188,009.

In Wy­combe there were 40 peo­ple tak­ing sup­ported loans, val­ued at £8,493,195, with the av­er­age value of loan at £212,330.

In Chiltern there are just 14 loans taken up, to­talling £3,896,735 with the av­er­age value stand­ing at £278,338.

South Bucks has even fewer with only seven loans, com­ing to £1,680,275. The av­er­age value of a loan is £240,039.

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