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    Help To Buy 'Aids Social Mobility'

    PressAssociation

    by PressAssociation

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    By: Angus Dunsire
    Figures showing average-income first-time buyers make up the bulk of 2,000-plus who have taken up the scheme in its first month. The Prime Minister said initial figures showed Help to Buy - which critics say risks fuelling a new house price bubble - was helping the "hardworking people" it was aimed at. He welcomed some of those accepted for a total of £365 million of home loans to a reception at Downing Street. Mr Cameron said the scheme would help address some of the concerns raised by former prime minister Sir John Major about the lack of social mobility in the country.