Home Residential Property 5 Help to Buy stats you need to know today

5 Help to Buy stats you need to know today

by LLP Editor
29th May 14 11:43 am

London hasn’t warmed up to the government’s Help to Buy scheme, according to fugures produced by the Treasury.

Only 5% of total mortgage completions using the scheme were for homes in London. South-east, on the other hand, accounted for 14%.

Between October 2013 and the end of March 2014, roughly 500,000 homes were bought in the UK through the scheme.

Take a look at the stats:

1. 27,861 households have been helped by the scheme

Help to Buy

2. First-time buyers accounted for 85% of sales

Help to Buy

3. Average price of a property purchased or mortgaged through Help to Buy up to the end of March was £151,597

Help to Buy

4. 94% of those supported by Help to Buy live outside London

Help to Buy

5. The scheme is supporting a higher proportion of mortgages in the North West and the East

Help to Buy

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