PG with PM
David Cameron has a cup of tea with Sharon Ray yesterday during a visit to her home in Southampton, which she has bought through Help to Buy.
The Prime Minister dismissed fears that the Government is pumping up a housing bubble as he hailed the success of the scheme.
The Government later announced council houses will be available to buy at a discount of 70 per cent this year.
It also pledged to invest the proceeds in new properties.
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Hide AdCommunities Secretary Eric Pickles said a £75,000 cap on the cash value of the discount would also begin increasing in line with the CPI rate of inflation in a bid to revitalise the help to buy scheme. Mr Cameron branded sceptics of the mortgage guarantees – such as Lib Dem Business secretary Vince Cable – “London-centric”.