SIR – When we came to power in 2010, potential first-time buyers found themselves in a bleak situation.

The financial crash, high house prices and large deposits wanted by the damaged banks meant that buying a first home was only an option for the wealthiest or those with rich parents.

We pledged that we would act, to help all those who were working hard, saving up, and setting their sights on a home of their own.

Last year, we introduced Help to Buy, and in just one year it has become a huge success. I am delighted to see that more than 17,000 people have taken up our equity loan and mortgage guarantee schemes and own a home, including 176 people in Bradford.

Help to Buy has transformed home ownership from a pipe-dream to a reality for so many people. It isn’t just about bricks and mortar; it’s about progress – giving people chance to put down roots and invest in their future. Initially, there were those who said Help to Buy wouldn’t work. Some said it would increase demand but not result in new houses. But builders say it’s getting them building again, and housing starts have increased by 23 per cent.

Help to Buy is helping this Government to realise its vision for Britain: that people who work hard should be able to get on in life.

Prime Minister David Cameron