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Govt reveals Help to Buy stats

Row-of-houses-THUMB.gifThe Help-to-Buy scheme has created an extra 129,000 homeowners in the UK since its launch, according to figures from the government.

In total, the scheme has helped 160,000 people buy a home − 80% of which are first-time buyers − since 2013.

Figures show 94% of the purchases were outside London, with an average price of £189,795.

There were 256 completions in the capital between 1 February and 31 March 2016 using the London Help-to-Buy scheme, which offered a 5% deposit backed by an equity loan of up to 40% from the government.

The government has also published Right-to-Buy statistics, which it says have led to an average of 1,000 households purchasing their own home since 2012, with over 52,000 purchases in total.

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