Key Points
- In the first 27 months of the Help to Buy: Equity Loan scheme (to 30 June 2015), 56,402 properties were bought with an equity loan.
- The total value of these equity loans was £2.42 billion, with the value of the properties sold under the scheme totalling £12.18 billion.
- The mean purchase price of a property bought under the scheme was £216,030, compared with a mean equity loan of £42,992.
- Most of the home purchases in the Help to Buy: Equity Loan scheme were made by First Time Buyers, accounting for 46,113 (82 per cent) of total purchases.
- For the Help to Buy: NewBuy scheme, 12 home purchases were made in Q2 2015. This brings the total number of house purchases up to 5,717 since the launch of the scheme in March 2012
Data supplied by office of national statistics
Help to Buy advert 2015
The first five years, the government does not charge any fees for the 20 per cent loan.The scheme allows for property purchases up to £600K ,with a max loan of 20 per cent.
'helping people achieve the aspiration' of buying a home.
'Our Help to Buy schemes have now helped nearly 120,000 working people across the UK.'
'Supporting people who want to work hard, save and buy their own home is a key part of our long term plan to provide economic security for working people at every stage of their life, across the UK.
'Help to Buy is also boosting the nation’s economic security by driving an increase in house building in Britain, ensuring long-term housing supply and creating jobs.George Osborne MP First Secretary of State UK Gov.
The full PDF report can be dowloaded here
Click here to find out about your eligibility .
'helping people achieve the aspiration' of buying a home.
'Our Help to Buy schemes have now helped nearly 120,000 working people across the UK.'
'Supporting people who want to work hard, save and buy their own home is a key part of our long term plan to provide economic security for working people at every stage of their life, across the UK.
'Help to Buy is also boosting the nation’s economic security by driving an increase in house building in Britain, ensuring long-term housing supply and creating jobs.George Osborne MP First Secretary of State UK Gov.
The full PDF report can be dowloaded here
Click here to find out about your eligibility .
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