Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, how much money from the public purse has been spent on the purchase of Persimmon homes through the Help to Buy scheme in each year since its inception.
As of 30 June 2019, 236,313 households had used the Help to Buy: Equity Loan scheme to help them buy a new build home. The total value of equity loans made was £13.46 billion and the total value of homes sold through the scheme was £62.04 billion. 81 per cent of households have been first time buyers, helped to get their foot on the housing ladder by a scheme that has also contributed to the delivery of the over 241,000 additional homes in the last year – the highest level in over 30 years. The number of households supported to buy a new build home through the Help to Buy: Equity Loan scheme from Persimmon (14.4 per cent of the total), the purchase price of those homes and the value of equity loans made by calendar year from the inception of the scheme to 30 June 2019 is as follows:
Year | Equity Loan Completions | Purchase Price Total | Equity Loan Total |
2013 | 2245 | £437,644,430 | £87,351,951 |
2014 | 4406 | £903,567,041 | £180,075,301 |
2015 | 5079 | £1,078,869,463 | £214,769,851 |
2016 | 5919 | £1,340,933,810 | £272,442,192 |
2017 | 6575 | £1,547,274,793 | £315,631,051 |
2018 | 6824 | £1,659,675,186 | £336,551,274 |
2019 | 3039 | £754,212,503 | £155,439,065 |
Grand Total | 34087 | £7,722,177,226 | £1,562,260,685 |