DCLG has released the latest figures for the Help to Buy: equity loan scheme from its launch on 1 April 2013 until 30 June 2016.
The latest Help to Buy: equity loan figures reveal that:
Number of households supported
- In total, 91,759 properties were bought with the support of the Help to Buy: equity loan scheme from 1 April 2013 until 30 June this year;
- This is a 13% increase on the 81,014 properties reported previously, which covered households supported until 30 March 2016.
Value of homes purchased under the scheme
- The average (mean) price of homes under the equity loan scheme is £226,887;
- This is an approximate 2% increase from the average price in March 2016, which was £222,830.
Who is benefitting and where
81% of purchasers buying through the equity loan scheme are first-time buyers (74,025).
In terms of completed sales, the top areas that have benefited from the scheme since April 2013 are listed as:
- Wiltshire – 1,550 sales (+195 since March 2016)
- Leeds – 1,396 sales (+161)
- Central Bedfordshire – 1,352 sales (+175)
- County Durham – 1,237 sales (+156)
- Wakefield – 1,185 sales (+185)
- Bedford – 1,144 sales (+149)
The Housing and Planning Minister, Gavin Barwell MP, said:
“Today’s figures show that Help to Buy is helping more people realise their home ownership dream, by reducing the need for large deposits and getting more new homes built.”
Links to further information
HMT/DCLG press release: Help to Buy helps over 185,000 people buy a new home
DCLG statistics: Help to Buy (equity loan scheme) statistics: April 2013 to June 2016