By Jamie White – Head of Communications
New figures have revealed that more than 73,000 homes in the UK have now been purchased via the Government’s flagship Help to Buy property scheme.
Statistics from the Department of Communities and Local Government (DCLG) shows that the average purchase price was £211,566 in the first 20 months since the scheme was launched.
In total, 38,052 households have purchased new build homes under the Help to Buy (equity loan) scheme up to the end of November 2014, of which some 83 per cent are first time buyers (31,640) rising to 94 per cent outside London.
Another 30,269 households have purchased new or existing homes through the Help to Buy mortgage guarantee scheme, with 5,518 households purchasing a new build home through the NewBuy scheme.
The top six local authorities in terms of completed sales are Wiltshire with 664, Leeds at 628, Central Bedfordshire at 581, Milton Keynes at 516, Peterborough at 512, and Birmingham at 465.
Housing and Planning Minister, Brandon Lewis, said: “Numbers of first-time buyers are at their highest since 2007, housebuilding continues to climb and planning permissions are at record levels.
“All these measures combined are helping record numbers of people into a new home, including 73,000 households benefiting from Help to Buy and we will keep striving to get that total even higher.”
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