Help to Buy Scheme

Ministry of Housing, Communities and Local Government written question – answered at on 14 March 2018.

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Photo of John Healey John Healey Shadow Secretary of State for Housing

To ask Secretary of State for Housing, Communities and Local Government, how much funding allocated to Help to Buy equity loans remains unspent; and what estimate he has made of funding (a) allocated and (b) taken up on Help to Buy equity loans in each financial year to 2020-21.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

Help to Buy: Equity Loan is demand-led; and at the end of September 2017, the total value of equity loans given out through the scheme was £7.39 billion.

The Government has committed over £22 billion to the Help to Buy: Equity Loan scheme from its launch in April 2013 to March 2021. This includes the further £10 billion announced in October 2017.

Full details by quarter are set out in Table 1 of the statistical release to end September 2017:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/672965/20180111_HTB_EL_and_HTB_NewBuy_statistical_release.pdf

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