Help to Buy Scheme

(asked on 17th June 2019) - View Source

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

To ask Her Majesty's Government what assessment have they made of the comments of Peter Redfern, Chief Executive of Taylor Wimpey, about the Help to Buy Scheme.


This question was answered on 1st July 2019

Help to Buy: Equity Loan transactions are now around a third of new-build sales, yet they remain a small proportion of overall housing sales (less than 4%), so the scheme is unlikely to have a significant effect on house prices more generally.

The latest independent evaluation of Help to Buy: Equity Loan (of 2015-17) found no evidence of a significant impact on prices overall.

Since the launch of Help to Buy Equity Loan in April 2013, private housing starts are up by 52%.

Help to Buy: Equity Loan has helped over 210,000 households buy a new-build home from its launch in spring 2013 until December 2018. All homes have been new–build, and 81% of sales have been to first-time buyers.

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