Over 55,000 households bought homes through the government’s Help to Buy equity loan scheme in the past financial year – a record.
In the 12 months to the end of March, 55,649 homes were bought using Help to Buy equity loans, with a total of 328,506 purchased through the scheme since it began in 2013.
To date, over £20 billion has been lent to purchasers.
A total of 15,341 homes were bought using Help to Buy loans between January and March 2021 alone, up 61 percent from the same quarter of 2020.
Housing Secretary Robert Jenrick says: “Over 55,000 households bought their home with the support of Help to Buy Equity Loan last year: a record for the scheme, which is helping young people and first-time buyers feel the sense of pride and achievement that comes with owning your own home.”
The government claims the figures show that “the appetite for homeownership remains high across the country with the government committed to supporting first-time buyers and hard-working families into homeownership.”