Help to Buy helps 300k FTB households
The Help to Buy scheme has been used by over 350,000 people across to UK to help them access the housing ladder.
Released by the Government, the statistics also revealed that more than 1.1 million Help to Buy ISAs have been opened, providing first-time buyers with up to £3,000 in addition to their savings.
As well as indicating that over 300,000 first time buyer households have been supported by the scheme, they also showed that the vast majority (93%) of completions across the Help to Buy scheme have occurred outside of London.
Since it’s launch in 2015, the Help to Buy: ISA scheme has helped 106,612 completions across the UK, with most of these taking place in the North West and Yorkshire and the Humber.
Between February 2016 and September 2017, the London Help to Buy scheme has also helped 5,715 buyers across 33 boroughs across the UK to access the housing ladder.
Commenting on the statistics was newly appointed Housing Minister, Dominic Raab. “This government is committed to helping more people get on the housing ladder, with the support of a range of low cost home ownership products.
“Thanks to our Help to Buy: Equity Loan scheme the dream of homeownership continues to become a reality for thousands more households across the country.”