Help to Buy scheme helps over 220,000 people

December 16, 2016

Announcement published Thursday 15th December 2016 on the Gov.UK website headlined ‘Help to Buy helps over 220,000 people buy a new home’.

The latest Help to Buy statistics released  yesterday show that over 220,000 people have been able to buy a home using the government’s Help to Buy products.

Over 220,000 completions have taken place under the schemes.

Over 180,000 first time buyer households are now on the housing ladder after using a Help to Buy Scheme.

The average house price across the schemes is £191,000, showing that it is those buying smaller properties who are really benefitting.

The Chancellor of the Exchequer, Philip Hammond, said: “Our Help to Buy schemes are helping hundreds of thousands of people, especially first time buyers, achieve home ownership. We are continuing the popular Equity Loan and ISA schemes to ensure people can access support when buying or saving for a property. We are determined to help make home ownership a reality for hard working people”.

Read the announcement on the Gov.UK website in full click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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