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