Help to Buy Scheme

(asked on 26th September 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many people in (a) Barnsley East constituency, (b) Barnsley local authority, (c) South Yorkshire and (d) England have completed the purchase of a house through the Help to Buy scheme.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
Parliamentary Under-Secretary (Department of Health and Social Care)
This question was answered on 14th October 2014

The Help to Buy scheme continues to support responsible lending with the average property value considerably less than the national average. The average house price under the scheme as a whole is around £190,000, compared to the national average of £272,000.

Over 50,000 households have benefitted from the scheme to date. The scheme is supporting lending in all regions and over 94% of mortgages bought under the scheme have been outside London. Mortgage completions have been particularly high in the North West and Scotland.

The Government publishes quarterly Official Statistics relating to the Help to Buy: mortgage guarantee scheme. The most recent of these were published on 2 September.

This report, along with accompanying tables, can be found at: www.gov.uk/government/statistics/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-june-2014

The Government also publishes monthly statistics on the number of homes purchased with the support of the Help to Buy: Equity Loan scheme, by local authority in England. This data can be found at https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics

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