Help to Buy Scheme

Ministry of Housing, Communities and Local Government written question – answered on 12th November 2018.

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Photo of Teresa Pearce Teresa Pearce Labour, Erith and Thamesmead

To ask the Secretary of State for Housing, Communities and Local Government, how many help to buy equity loans have been made since the start of that scheme; and of those loans what proportion were for leasehold properties.

Photo of Kit Malthouse Kit Malthouse Minister of State (Housing, Communities and Local Government)

Help to Buy: Equity Loan has helped 169,102 households buy a new-build home from its launch on 1 April 2013 until 31 March 2018.

To end March 2018, overall, 24.9 per cent of these were for leasehold properties: 12.0 per cent of houses were leasehold and 92.8 per cent of flats were leasehold.

Statistical data is set out at Table 9, 9a and 9b in the quarterly statistical release to March 2018:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/734061/HTB_EL_and_HTB_NewBuy_statistical_release.pdf

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