Help to Buy Scheme

Help to Buy supports over 320,000 people in buying their own home.

The schemes have also helped more than 275,000 first time buyers achieve their dream of owning a home.

The government’s Help to Buy schemes have continued their success, supporting over 320,000 people across the UK to buy a home. Over 1 million Help to Buy: ISAs have now been opened by first time buyers, offering government bonuses of up to £3,000 towards the cost of a first home.

Help to Buy statistics released today (Thursday 28 September) show that:

  • over 320,000 completions have taken place using one or more of the Help to Buy schemes
  • over 275,000 first time buyer households are now on the housing ladder thanks to Help to Buy
  • the average house price across the schemes is £196,092, below the average UK house price
  • over 90% of completions across the Help to Buy schemes have taken place outside of London

Stephen Barclay, Economic Secretary to the Treasury said:

“Help to Buy supports people who want to turn their dream of owning a home into a reality. The schemes have now helped over 275,000 first time buyers across the country achieve home ownership.”

Full article can be found here

Source: Gov.UK