The Help to Buy equity loan scheme has seen 10,000 reservations for new build homes in the last four months.

Eric Pickles (pictured), Secretary of State for Communities and Local Government, claimed today that housing supply and confidence is now increasing, and has turned a corner.

He said: “This government’s package of measures to boost the housing market is working, with house building and housing supply on the up. The tough decisions we’ve taken to tackle the deficit are now delivering a sustainable increase in housing and providing real help to hard-working people.

“With over 10,000 reservations in four months, it’s clear that the Help to Buy: Equity Loan is working well. By dealing with the big challenges, we are helping thousands of young people and families get on and move up the housing ladder, and Britain is building again.”