Help to Buy Scheme

(asked on 3rd April 2017) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what is their estimate of the number of households with an income over £100,000 per annum that have received mortgage assistance through the Help to Buy Scheme.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
This question was answered on 19th April 2017

The Government routinely publishes Official Statistics on the performances of the Help to Buy schemes. The most recent publications were on 30 March 2017.

For the Help to Buy: mortgage guarantee and Equity Loan schemes, breakdowns of completions supported under the scheme by total household income is published. For the Help to Buy: ISA, the equivalent data is not collected. Total household income is defined as the total income for all individuals who are party to an application made under the scheme.

Under the Help to Buy: mortgage guarantee scheme, from October 2013 to December 2016, 22,062 (22% of total completions) completions were by applicants that had a total household income of £30,000 or less and 3,031(3%) had a total household income greater than £100,000.

Under the Help to Buy: Equity Loan scheme, from April 2013 to December 2016, 19,336 (17%) completions were by applicants that had a total household income of £30,000 or less and 3,952(4%) had a total household income greater than £100,000.

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