The Help to Buy Scheme 5 Years On: How It’s Helped People Become Home Owners
The Help to Buy Scheme recently celebrated its 5th birthday this year!
The scheme was launched to help people step on to the property ladder with just a 5% deposit.
We’ve done a bit of digging and found out that during 2018, the Help to Buy scheme is on track for a record breaking year!
Statistics have been released from the Ministry of Housing Communities and Local Government and we wanted to share some of them.
- Almost 145,000 homes have been bought using the equity loan scheme
- Since its launch the total value of properties bought using the equity loan is £35 billion. Wow!
- First-time buyers make up 81% of purchases
- The average purchase price of a property bought under the scheme totals £243,818
The Help to Buy equity loan is only available for new build properties and we’re specialists in new build mortgages!