Help to Buy Scheme

(asked on 9th March 2018) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask Secretary of State for Housing, Communities and Local Government, how much funding allocated to Help to Buy equity loans remains unspent; and what estimate he has made of funding (a) allocated and (b) taken up on Help to Buy equity loans in each financial year to 2020-21.


Answered by
Dominic Raab Portrait
Dominic Raab
This question was answered on 14th March 2018

Help to Buy: Equity Loan is demand-led; and at the end of September 2017, the total value of equity loans given out through the scheme was £7.39 billion.

The Government has committed over £22 billion to the Help to Buy: Equity Loan scheme from its launch in April 2013 to March 2021. This includes the further £10 billion announced in October 2017.

Full details by quarter are set out in Table 1 of the statistical release to end September 2017:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/672965/20180111_HTB_EL_and_HTB_NewBuy_statistical_release.pdf

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