Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Communities and Local Government, what has been the current take-up of the Help to Buy scheme in (a) England and (b) Bradford.
This Government is committed to supporting people’s aspirations to own their own home.
By 30 September, 54,520 families have bought a home with the assistance of the three Help to Buy schemes in England and 525 in the Bradford Metropolitan District Council area.
The Department’s official statistics on sales for the Help to Buy: Equity Loan scheme in England, broken down by constituency, local authority and postcode, is available at: http://opendatacommunities.org/def/concept/folders/themes/housing-market.
The Department’s official statistics on sales for the Help to Buy: New Buy scheme is available at: http://www.gov.uk/government/collections/help-to-buy-equity-loan-and-newbuy-statistics. Figures are not available by constituency
The Help to Buy: Mortgage Guarantee scheme is managed by HM Treasury. The latest official statistics is available at: http://www.gov.uk/government/statistics/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-june-2014.This includes total numbers of sales at individual local authority level (Table 7).
The 525 Help to Buy Sales in Bradford comprises 387 equity loan sales, 22 Newbuy sales and 116 Mortgage Guarantee sales.