First Time Buyers: Government Assistance
(asked on 14th March 2023) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government how many first-time buyers they have offered financial support to in each year since 2008, broken down by local authority area.
Answered by
Baroness Scott of Bybrook
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government has delivered a range of interventions in recent years to promote home ownership to first time buyers. Data is not available for all schemes
The Government also stipulates that developers support first time buyers through s106 agreements in the planning system (for example providing Shared Ownership and First Homes)
The latest statistics published on first time buyers offered financial support are as follows (attached) (to end September 2022):
Mortgage Guarantee Scheme: See Table 6 at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1135081/Q3_2022_MGS_Quarterly_Statstical_Release_vFinal_230208.pdf
Help to Buy Equity Loan:
See Table 1a at: https://www.gov.uk/government/statistics/help-to-buy-equity-loan-scheme-data-to-30-september-2022
Help to Buy ISA:
See quarterly statistics at: Help to Buy: ISA Scheme Quarterly Statistics: December 2015 to 30 September 2022 - GOV.UK (www.gov.uk)
Help to Buy: LISA:
See table 2 at: Commentary for Annual savings statistics: June 2022 - GOV.UK (www.gov.uk)