Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 8°C


Help to Buy home buyers total approaches 13,000

11:09 30 January 2014

National: Almost 13,000 home buyers have used the first phase of the Government’s flagship Help to Buy scheme to purchase a new-build property in its first nine months.

Figures released by the Department for Communities and Local Government (DCLG) showed there have been 12,875 sales of newly-built properties through the Help to Buy equity loan scheme in England since its launch, with a further 6,446 sales in the pipeline.

The Government said the equity loan scheme has created 46 new home owners every day since its launch.

The Help to Buy equity loan scheme enables first-time buyers and home movers to buy a newly-built home with a deposit of at least 5% of the property price, while the Government offers a loan of up to 20% and the rest is covered by a mortgage.

The figures for the first phase of Help to Buy cover England only, with other nations within the UK launching their own versions of the scheme.

The DCLG said Leeds is the top hotspot for Help to Buy sales using the equity loan scheme, with Wiltshire, Central Bedfordshire, Milton Keynes and Manchester completing the top five areas.

A second phase of Help to Buy, covering the whole of the UK, was launched in October and offers state-backed mortgages to people with 5% deposits who want to buy a new-build or an existing home.

Housing minister Kris Hopkins said: “I’m delighted that through the Help to Buy scheme we’ve helped thousands of hard-working people realise their dream of becoming homeowners, getting onto the property ladder using this valuable alternative to the bank of mum and dad.”



  • @ TERENCE MANNING, your right of course !, government schemes to BUY votes have always come home to roost !, just wait until the Mortgage interest rates start to find their proper level !

    Report this comment


    Friday, January 31, 2014

  • it will not be long before some of them will be back on the market. whether the money comes from mum or dad or the gov. it has to be payed back.

    Report this comment


    Thursday, January 30, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

An Ipswich man has been charged with being in possession of a flare during the derby game with Norwich at Portman Road in August.

A video of the last ever sighting of Corrie McKeague has been released, as four weeks pass with no new leads.

British Gas has been forced to backtrack after repeatedly billing a 91-year-old great-grandmother for hundreds of pounds more than she owed.

Specialist RAF search officers are joining the hunt today for missing airman Corrie McKeague.

At last! Ipswich Town have scored some goals – and after 10 months Freddie Sears even managed to grab one as well, much to the delight of himself and his teammates.

A man in his 30s is in hospital with serious injuries after a crash Stowmarket last night.

A dangerous driver involved in a four-and-a-half mile police chase around Ipswich while drunk and disqualified from driving is facing a possible jail term.

A Kesgrave man accused of attempting to rape a schoolgirl has been cleared by a jury.

Remains of a ship that sank to the seabed off the Suffolk coast around 500 years ago have been categorised as being “at risk” in an updated list of the nation’s heritage treasures published today.

One of the last few veterans of the ill-fated Arnhem campaign in 1944 has died after a short illness at the age of 96.

Most read

Most commented


Show Job Lists

Topic pages


Newsletter Sign Up

MyDate24 MyPhotos24