Help to Buy Scheme: Huntingdon
(asked on 4th June 2014) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what the average (a) household income and (b) house property acquisition price was of those buying under the Government's Help to Buy scheme in Huntingdon constituency.
[Holding reply: Monday 9 June2014]
The area of Huntingdonshire District Council comprises all the Huntingdon constituency and part of the North West Cambridgeshire constituency. Separate figures for the Huntingdon constituency could be provided only at disproportionate cost.
Figures for the numbers of sales under the Help to Buy equity loan scheme as at 30 April 2014 broken down by local authority and postcode sector are available at https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics. I have also placed a copy of the table in the Library of the House.
A figure for the average age of buyers in Huntingdonshire is not available because central government does not collect information on the ages of buyers under the Help to Buy equity loan scheme.
The average annual total applicant income of the 127 households that had bought a property within the area of Huntingdonshire District Council under the Help to Buy equity loan scheme as at 31 March 2014 was £49,181. During this period, the average purchase price of properties bought under the scheme in the same area was £213,573 and the total amount of equity loan payments made by central government was £5,424,768.
Central government does not collect figures on the numbers of applications that have been (a) successful or (b) unsuccessful under the Help to Buy equity loan scheme. A breakdown for Huntingdonshire is therefore not available.
The Help to Buy mortgage guarantee scheme is a matter for the Treasury. Their most recent statistics show that the average value of the 23 properties in Huntingdonshire that had been sold under the scheme by 31 March 2014 was £162,228, and that the total value of loans supported by the scheme for these properties was £3,528,682. This information is available from Table 7 at: