Mortgages: Lewisham

Department for Communities and Local Government written question – answered on 15th January 2015.

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Photo of Joan Ruddock Joan Ruddock Labour, Lewisham, Deptford

To ask the Secretary of State for Communities and Local Government, how many people in (a) Lewisham, Deptford constituency and (b) the Borough of Lewisham have been assisted by the (i) Help to Buy equity loan and (ii) Help to Buy mortgage guarantee schemes; and what the (A) range and (B) average value has been of mortgages so assisted.

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government)

This Government is committed to supporting people’s aspirations to own their own home.

By 30 November 2014, 83 families had bought a home with the assistance of the three Help to Buy schemes in the constituency of Lewisham, Deptford. This includes 59 families using the support of Help the Buy: Equity Loan and 24 families using the support of Help to Buy: Mortgage Guarantee scheme.

By 30 November 2014, 180 families in the London Borough of Lewisham had bought a home with the assistance of the three Help to Buy schemes. This includes 66 families using the Help to Buy: Equity Loan scheme and 85 families using the Help to Buy: Mortgage Guarantee scheme.

Statistics on the average purchase price of a property bought under the schemes are all produced and published at the national level, but not at the level of constituency or local authority.

The Department’s official statistics on sales for the respective Help to Buy schemes are available at:

Help to Buy: Equity Loan (broken down by constituency, local authority and postcode):

www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics

Help to Buy: Mortgage Guarantee (broken down by constituency, local authority and postcode):

www.gov.uk/government/statistics/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-september-2014

Help to Buy: New Buy (broken down by local authority):

www.gov.uk/government/statistics/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-september-2014. Figures are not available by constituency.

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