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Record £3.4bn loaned under Help to Buy

The government lent a record £3.4bn to house purchasers using the Help to Buy scheme last year as the desire to get on the property ladder outstripped concerns about the impact of Brexit.

Help to Buy lending rose by more than £500m in 2018 and was up across all regions in England, according to figures released yesterday.

Introduced in 2013, Help to Buy offers people with a deposit of 5% an interest-free loan of up to 20% of the price of a property, or 40%t in London.

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