Over 200,000 properties bought with Help to Buy
I’ve got the latest Help to Buy figures: I hope you enjoy them.
According to the government’s numbers, between its April 2013 launch and December 2018, 210,964 properties were purchased with the Help to Buy: Equity Loan scheme.
The total value of these loans? An impressive £11.71 billion (if you’re impressed by large amounts of money, of course, which many of us are), while the total value of the homes
sold under the scheme hits an even more impressive £54.48bn.
Now then, most of the purchases were made by first time buyers, who accounted for 171,053 (81%) of sales.
The mean purchase price of a property bought under the scheme was £258,223, with buyers using a mean equity loan of £55,498.
Meanwhile, in expensive London village the maximum equity loan was increased from
20% to 40% in February 2016 – which led to 12,511 completions up till 31 December 2018, of which 10,635 were made with an equity loan higher than 20%.
Here’s the government’s massively long and detailed report if you fancy it.