Over 458,000 completions have taken place overall using one or
more of the Help to Buy schemes. Some 402,000 of which were first
time buyers.
Quarterly Help to Buy statistics released today (Friday 30
November) also show that:
-
first time buyers have now opened 1.2 million Help to Buy:
ISAs, offering government bonuses of up to £3,000 on top of
their savings
-
the average house price purchased through the schemes is
£201,881
-
over 93% of completions across the Help to Buy schemes have
taken place outside of London
, Economic Secretary to the
Treasury said:
We want to help as many people as possible experience the
fantastic feeling of pride you get when you collect the keys to
your first home. That’s why we offer the special Help to Buy:
ISA for them to save, cut their Stamp Duty and introduced a new
Help to Buy Equity Loan to run until March 2023.
Communities Secretary Rt Hon MP said:
I am committed to making the housing market work for everyone
and restore the dream of home ownership for a new generation.
It’s great news that since 2010 we have helped over half a
million people get on the housing ladder, through programmes
such as Help to Buy.
We are determined to do more, which is why we have dedicated
over £44 billion of investment to help deliver the homes
communities need.
The most completions using the Help to Buy: ISA have taken place
in the North West and Yorkshire & the Humber. In total,
169,980 completions have taken place across the UK since its
launch in December 2015.
The London Help to Buy scheme - which provides an equity loan of
up to 40% for buyers in the capital with a 5% deposit - has
helped 13,697 buyers across 33 boroughs purchase their own
property between February 2016 and June 2018.
More than 183,000 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. By March 2021, the government expects to have invested
around £22 billion in the scheme, supporting up to 360,000
households into homeownership.
Find out more about all the different ways the Government can
help you to buy your own home here.
