More than 1 million people using Help to Buy schemes.
Help to Buy statistics released yesterday 30th March on Gov.UK website show that more than 259,000 completions have taken place using one or more of the Help to Buy schemes, the majority of these are first-time buyers.
More than 215,000 (84% of total completions) first-time buyers are now on the housing ladder thanks to Help to Buy. The average house price across the schemes is £192,854, which is below the national average of £220,000.
More than 112,000 completions have now taken place through the Help to Buy Equity Loan scheme, which offers buyers up to 20% of a newly built home’s costs and 40% in London so they only need to provide a 5% deposit.
Philip Hammond, Chancellor of the Exchequer said: “This government is committed to helping working people get on the housing ladder. Our Help to Buy schemes are proving hugely popular across the country. More than a million people are now using them to help achieve home ownership, particularly first time buyers”.
Gavin Barwell, Housing and Planning Minister, said: “As our Housing White Paper sets out, we’re committed to helping more people find a home of their own with the support of a range of low-cost home ownership products.
“Our Help to Buy: Equity Loan scheme continues to make home ownership a reality for thousands of people, especially first time buyers right across the country”.
Read the News Story published yesterday on Gov.UK in full click here.
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