Help to Buy Scheme
(asked on 13th January 2020) - View Source
Question to the Ministry of Housing, Communities and Local Government:
What recent assessment he has made of the effect of Help to Buy on the number of homes purchased by first time buyers.
This question was answered on 13th January 2020
Over 192,000 (81 per cent) of sales through Help to Buy: Equity Loan from its start in April 2013 to 30 June 2019 have been to first-time buyers.
This has helped increase the number of first-time buyers to over 350,000 in 2018 – an eleven-year annual high, an increase of 84 per cent since 2010.