The Help to Buy:
ISA has now helped over 960,000 people save towards
their own home, and will assist thousands more into home
ownership over the next few years.
Help to Buy statistics released today (Thursday 22 June) show
that:
- over 285,000 completions have taken place using one or more
of the Help to Buy schemes
- over 240,000 first time buyers are now on the housing ladder
thanks to Help to Buy
- the average house price across the schemes is £193,826, which
is below the average UK house price
- over 90% of completions across the Help to Buy schemes have
taken place outside of London
, Economic Secretary to the
Treasury said:
We want to make sure that anyone who works hard and aspires to
own their own home has that opportunity.
That is why I am delighted that our Help to Buy schemes have
now helped over 240,000 first time buyers across the country
achieve home ownership.
, Housing and Planning Minister
said:
As set out in our Housing White Paper,
we’re committed to helping those aspiring home buyers currently
locked out of the market to turn their home ownership dreams
into reality.
Today’s figures show that Help to Buy: Equity
Loan continues to be hugely successful, supporting
thousands of households across the country to take their first
step onto the housing ladder.
More than 120,000 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 so they only need to provide a 5% deposit.
The North West, Yorkshire and the Humber, and the South West have
seen the highest number of property completions using
the Help to Buy: ISA. In
total, 62,528 completions across the UK using the ISA bonus have
taken place since launch in December 2015.
The London Help to Buy scheme provides an equity loan of up to
40% for buyers in the capital with a 5% deposit. It has helped
3,249 buyers in the capital across 32 boroughs purchase their own
property between February 2016 and March 2017.
