Over 2,000 homes have been reserved using the government’s NewBuy scheme since its launch, according to the Home Builders Federation.
The scheme, which allows buyers to purchase a new build home with a 5% deposit, launched in March. NewBuy products are currently available through six lenders following Aldermore’s launch in September.
The HBF also announced that 50 builders are now participating in the scheme.
Stewart Baseley, executive chairman of HBF, commeted: “Reaching 2000 NewBuy reservations clearly demonstrates the customer need for such a scheme.
“Over the coming years NewBuy will make a real difference and help tens of thousands of people realise their ambitions of home ownership.
“In turn this will then help kick-start new home construction, creating economic growth and thousands of jobs across the country.”
