Low participation in scheme across Waltham Forest, Redbridge and Epping Forest

The 'help to buy' scheme is designed to help first time buyers get on to the property ladder.

The 'help to buy' scheme is designed to help first time buyers get on to the property ladder.

First published in News
Last updated
This Is Local London: Photograph of the Author by , Reporter, covering Leytonstone and Wanstead. Call me on 07824 530 127

No one has used the government's Help to Buy scheme in Walthamstow, Leyton or Wanstead, according to new figures.

There was no participation in the scheme in the parliamentary constituencies of Leyton and Wanstead, and Walthamstow, between June 2013 and July 2014, statistics released by Open Data Communities shows. 

The zero uptake could also be found in both Ilford North and South during the same period, following analysis of data gathered by the Office of National Statistics.

A total of 37 housebuyers took advantage of the scheme in Chingford and Woodford Green, and five in Epping Forest.

Help to Buy was set up by the government last year to help first-time buyers get on the property ladder, with equity loans to help them obtain their first mortgage. 

The scheme was most popular in the constituency of Northwest Cambridgeshire, where 279 people signed up.

Leyton and Wanstead MP John Cryer believes figures from his constituency are due to rising house prices and a fall in incomes.

He said: “It’s no surprise that nobody in Leyton and Wanstead has taken up the Help to Buy scheme.

"For all the talk of a recovery, most of my constituents have seen their incomes fall in real terms and they are increasingly having to rely on zero hours jobs, with no reliable or consistent level of income.

"Anybody who considered the scheme probably decided that they could not afford to take on that level of debt.

“Property prices are far too high in London and the South East and they are still rising, that is the main factor putting off first time buyers, and Help to Buy simply does not address this."

Comments (9)

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9:07am Wed 6 Aug 14

Villagecranberry says...

My estate agent friend says that there are very few houses for sale in these areas and that anything that does come up gets snapped up within days. In the Walthamstow Village, people have made fortunes selling tiny houses for over 600k that were bought 20 year ago for 40k.
My estate agent friend says that there are very few houses for sale in these areas and that anything that does come up gets snapped up within days. In the Walthamstow Village, people have made fortunes selling tiny houses for over 600k that were bought 20 year ago for 40k. Villagecranberry
  • Score: -7

9:29am Wed 6 Aug 14

tjm01 says...

Your post suggests you are a tenant not a home owner

P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat tjm01
  • Score: 4

9:40am Wed 6 Aug 14

Villagecranberry says...

tjm01 wrote:
Your post suggests you are a tenant not a home owner

P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what?

Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
[quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day. Villagecranberry
  • Score: -10

12:19pm Wed 6 Aug 14

Alan_1976 says...

Villagecranberry wrote:
tjm01 wrote:
Your post suggests you are a tenant not a home owner

P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what?

Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
If you'd bought a house 20 years ago for 40k then you would have a lot more hard earned income to spend on leisure rather than paying rental rates. Particularly now when rental rates are at all time highs.

You have a very strange definition of freedom and an even stranger definition of how to save money.

Still times must be tough since you had to give up the place in Marylebone and your pied-a-terre in Walthamstow...

http://www.guardian-
series.co.uk/news/rb
news/10339916.Latest
_edition_of_Council_
newspaper_cost_taxpa
yers___10_000/
[quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.[/p][/quote]If you'd bought a house 20 years ago for 40k then you would have a lot more hard earned income to spend on leisure rather than paying rental rates. Particularly now when rental rates are at all time highs. You have a very strange definition of freedom and an even stranger definition of how to save money. Still times must be tough since you had to give up the place in Marylebone and your pied-a-terre in Walthamstow... http://www.guardian- series.co.uk/news/rb news/10339916.Latest _edition_of_Council_ newspaper_cost_taxpa yers___10_000/ Alan_1976
  • Score: 13

2:59pm Wed 6 Aug 14

tjm01 says...

Villagecranberry wrote:
tjm01 wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well
[quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.[/p][/quote]Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well tjm01
  • Score: 9

3:13pm Wed 6 Aug 14

Villagecranberry says...

tjm01 wrote:
Villagecranberry wrote:
tjm01 wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well
I am not mildly interested in your life story.

More fool you if you have been slave to the banks whilst I have been fishing trout and reading.
[quote][p][bold]tjm01[/bold] wrote: [quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.[/p][/quote]Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well[/p][/quote]I am not mildly interested in your life story. More fool you if you have been slave to the banks whilst I have been fishing trout and reading. Villagecranberry
  • Score: -3

6:18am Thu 7 Aug 14

tjm01 says...

Villagecranberry wrote:
tjm01 wrote:
Villagecranberry wrote:
tjm01 wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well
I am not mildly interested in your life story. More fool you if you have been slave to the banks whilst I have been fishing trout and reading.
Not really my life story but it certainly differs from yours I suppose its all about choice, I will in my old age have an amount of a finacial safety net, I will also be able to leave something to my children, and if I so choose move, what about you?, tell you what carry on trout fishing, and when your landlord get fed up with you, you can camp with the fishes

NOW FOR THE VERY LAST TIME GO AWAY
[quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: [quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.[/p][/quote]Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well[/p][/quote]I am not mildly interested in your life story. More fool you if you have been slave to the banks whilst I have been fishing trout and reading.[/p][/quote]Not really my life story but it certainly differs from yours I suppose its all about choice, I will in my old age have an amount of a finacial safety net, I will also be able to leave something to my children, and if I so choose move, what about you?, tell you what carry on trout fishing, and when your landlord get fed up with you, you can camp with the fishes NOW FOR THE VERY LAST TIME GO AWAY tjm01
  • Score: 3

9:06am Thu 7 Aug 14

Villagecranberry says...

tjm01 wrote:
Villagecranberry wrote:
tjm01 wrote:
Villagecranberry wrote:
tjm01 wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat
Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.
Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well
I am not mildly interested in your life story. More fool you if you have been slave to the banks whilst I have been fishing trout and reading.
Not really my life story but it certainly differs from yours I suppose its all about choice, I will in my old age have an amount of a finacial safety net, I will also be able to leave something to my children, and if I so choose move, what about you?, tell you what carry on trout fishing, and when your landlord get fed up with you, you can camp with the fishes

NOW FOR THE VERY LAST TIME GO AWAY
I have no interest in money. I like the simple things in life. I am financially secure as I have not been slaved to a mortgage and have not chased money all my life. Only so much you can stuff in your coffin.

You keep telling me to go away but you keep coming back for more.
[quote][p][bold]tjm01[/bold] wrote: [quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: [quote][p][bold]Villagecranberry[/bold] wrote: [quote][p][bold]tjm01[/bold] wrote: Your post suggests you are a tenant not a home owner P.S a bitter and twisted tenant who may have missed the chance to purchase a home 20 years ago, and has therefore missed the homeowners boat[/p][/quote]Not all tenants are 'bitter and twisted'. It is fine for you to be smug and look down on people like myself. I do not own my own home, so what? Some tenants enjoy the freedom of not having to be slave to a mortgage and able to spend the majority of their hard earned income on leisure and save their money for a rainy day.[/p][/quote]Your quite right not all tenants are bitter and twisted, but you are,and I am not being smug or looking down on anyone, like many others I worked and saved hard in 1979/80 to find the deposit for our 1st property, I along with millions of others endured the 15% intrest rates in the early/mid 80s and possibly had to sacrifice an amount of leisure enjoyment to be able to pay the mortgage, the rewards for this investment are now being enjoyed by millions of homeowners who having paid their mortgage are in the fortunate postion to have a comfortable disposable income, and in the event of a rainy day we have the option to release an amount of equity in our property to boot, so you see homeowners have without trying too hard saved for a rainy day as well[/p][/quote]I am not mildly interested in your life story. More fool you if you have been slave to the banks whilst I have been fishing trout and reading.[/p][/quote]Not really my life story but it certainly differs from yours I suppose its all about choice, I will in my old age have an amount of a finacial safety net, I will also be able to leave something to my children, and if I so choose move, what about you?, tell you what carry on trout fishing, and when your landlord get fed up with you, you can camp with the fishes NOW FOR THE VERY LAST TIME GO AWAY[/p][/quote]I have no interest in money. I like the simple things in life. I am financially secure as I have not been slaved to a mortgage and have not chased money all my life. Only so much you can stuff in your coffin. You keep telling me to go away but you keep coming back for more. Villagecranberry
  • Score: -3

11:41am Fri 8 Aug 14

T. Watts says...

The beauty of all this is that villagecranberry doesn't realise he's clearly shown himself to be cornbeefur - by the comments shown on the old article quoted (link provided in the exchange below).

Of course, most of us already knew this was simply just another of this tedious troll's glove puppets. Yawn.
The beauty of all this is that villagecranberry doesn't realise he's clearly shown himself to be cornbeefur - by the comments shown on the old article quoted (link provided in the exchange below). Of course, most of us already knew this was simply just another of this tedious troll's glove puppets. Yawn. T. Watts
  • Score: 1

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