430,000 of these completions were made by first time
buyers, who benefit from the £3,000 government top up on
their savings.
Quarterly Help to Buy statistics released today (Tuesday 26
February) show that:
- 494,108 completions have taken place using one or more
Help to Buy schemes, over 93% of which took place outside
of London
- the average house price purchased through the schemes
is £202,815
- first time buyers have now opened 1.4 million Help to
Buy: ISAs, offering government bonuses of up to £3,000 on
top of their savings
Chancellor of the Exchequer, said:
This government supports those who dream of owning their
own home, and wants to help them take the first step onto
the property ladder. That’s why we’ve cut stamp duty and
extended the Help to Buy equity loan scheme to run until
March 2023, supporting half a million more home
purchases.
Minister of State for Housing, MP, said:
This government is committed to helping more people get
on the housing ladder as we power through to delivering
300,000 homes a year by the mid-2020s.
Our Help to Buy: Equity Loan scheme has supported more
than 190,000 households in purchasing their home, helping
to make the dream of home ownership a reality for a new
generation.
The most completions using the Help to Buy: ISA continue to
take place in the North West and Yorkshire & the
Humber. In total, 194,379 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 15,056 buyers across 33 boroughs purchase their own
property between February 2016 and September 2018.
Find out more about all the different ways the government
can help you to buy your own
home.
To find out more about today’s Help to Buy figures visit
our statistical
release.
