David Cameron hopes 'Help to Buy' scheme will succeed

Steve Jones was able to purchase a house through the help to buy scheme, which required only a 5% deposit. The government and housing developers loaned 20% of the price, leaving him with a 75% mortgage. Without this scheme, Steve would have struggled to save a deposit and make repayments. Initially, the scheme was for first-time buyers of new builds, but it has since expanded to include any property under £600,000, allowing for a 95% mortgage.

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