Help to Buy Scheme

(asked on 20th December 2019) - View Source

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.


Answered by
Esther McVey Portrait
Esther McVey
Minister without Portfolio (Cabinet Office)
This question was answered on 10th January 2020

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

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