Help to Buy has supported more than 400 mortgages in Liverpool since it was launched in 2013, the latest figures have revealed.

In total, 454 completed loans have been backed by the mortgage guarantee scheme across the city in the period from October 2013 to September 2015.

Alex Dixon, director at Sutton Kersh, believes the figures are a good sign for the Liverpool housing market: “The release of the latest Help to Buy figures illustrate the positive aspects of the ongoing government scheme.

“With over 400 loans granted in the Liverpool area supporting over £5 million of borrowing, it clearly demonstrates confidence amongst buyers and the Liverpool market place as a whole.

“Combined with the recent introduction of the H2B ISA allowing deposit constraints to be overcome more easily the aspiration of home ownership is now more realistic for a wider spectrum of buyers.”

Help to Buy is a government scheme that gives lenders the option to purchase a guarantee on mortgage loans where the borrower has a deposit of between 5% and 20%. The scheme is available for mortgages on both new build and existing homes, by first time buyers, home movers and those remortgaging.

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