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

Staff Writer |
The government’s Help to Buy schemes have continued their success, supporting over 320,000 people across the UK to buy a home.

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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.

More than 130,000 completions have now taken place through the Help to Buy Equity Loan scheme, which offers buyers up to 20% in an equity loan so they only need to provide a 5% deposit.

The most completions using the Help to Buy: ISA have taken place in the North West, Yorkshire and The Humber, and West Midlands.

In total, 83,686 completions have taken place across the UK using the ISA bonus since its launch in December 2015.

The London Help to Buy scheme provides an equity loan of up to 40% for buyers in the capital with a 5% deposit.

It has helped over 4,500 buyers in the capital across 33 boroughs purchase their own property between February 2016 and June 2017.

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