Help to Buy schemes help over 285,000 people

New Help to Buy statistics show that over 285,000 completions have taken place using one or more of the government’s Help to Buy schemes.

The Department for Communities and Local Government figures also revealed that more that 240,000 first time buyers are now on the housing ladder thanks to Help to Buy, while the Help to Buy: ISA has now helped over 960,000 people save towards their own home.

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.

The London Help to Buy scheme provides an equity loan of up to 40 per cent for buyers in the capital with a five per cent deposit, and has helped 3,249 buyers in the capital across 32 boroughs purchase their own property between February 2016 and March 2017.

Alok Sharma, new 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. The 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.”

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