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Official Statistics Help to Buy (equity loan scheme) and Help to Buy

Thursday, May 17, 2018 9:01:00 AM
Official Statistics

Help to Buy (equity loan scheme) and Help to Buy: NewBuy statistics: April 2013 to 31 December 2017

  • Over the period since the launch of the Help to Buy: Equity Loan scheme (1 April 2013 to 31 December 2017), 158,883 properties were bought with an equity loan.
  • The total value of these equity loans was £8.27 billion, with the value of the properties sold under the scheme totalling £39.28 billion.
  • Most of the home purchases in the Help to Buy: Equity Loan scheme were made by First Time Buyers, accounting for 128,317 (81 per cent) of total purchases.
  • The mean purchase price of a property bought under the scheme was £247,230, compared with a mean equity loan of £52,026
  • In London, the maximum equity loan was increased from 20% to 40% from February 2016, and since then to December 2017, there were 6,867 completions in London, of which 5,546 were made with an equity loan higher than 20%
  • For the Help to Buy: NewBuy scheme, 5,694 house purchases were made since the launch of the scheme in March 2012. There were no new transactions in Q4 2017due to the scheme closing to new mortgage offers on 8 March 2015

Click here for the full report


Source: Ministry of Housing, Communities & Local Government, published 26 April 2018


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