Over 27,000 Buy New Home Using Help To Buy Scheme

New data shows that more than 27,000 people across the country have bought a new home through the Help to Buy scheme.

New stats show how the Help to Buy is opening up home ownership to thousands and supporting the government’s long term plan to help hardworking people secure a better future for their families.

In total 27,861 households have been helped by the scheme, which continues to overwhelmingly benefit first-time buyers, with the vast majority of sales outside of London and at prices well below the national average.

Help to Buy is also helping to increase housing supply, with the scheme driving demand for new-build homes. 74% of the homes bought through Help to Buy are new-build properties and we are seeing encouraging progress in the number of homes being built. Private house building is up 34% since the launch of Help to Buy and leading builders credit the scheme for reinvigorating the house building industry and boosting housing supply.

The Prime Minister said: "As Britons, home ownership is in our blood - it’s about aspiration, planning for the future and laying down roots.

"But we inherited a situation where for many people, buying a home seemed all but impossible - people who worked hard, had good jobs and could afford the monthly mortgage payments, but didn’t have the large deposit needed up front. For those without rich parents, the dream of home ownership remained just that: a dream. That is why we brought in Help to Buy.

"Today, Help to Buy has helped thousands of hardworking people to buy a new home and crucially it is helping to increase the number of new homes being built around the country."


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