New figures show that since the launch of Help to Buy 14
months ago, 22,831 people have bought newly-built homes through the Equity Loan
scheme. There have also been 7,313 sales
through the Help to Buy: Mortgage Guarantee and 5,173 sales through the NewBuy
scheme. This takes total sales through Help to Buy to over 35,000. All sales
through Equity Loan – and three-quarters of overall sales through all elements
of Help to Buy – are new-build properties. Since the launch of the scheme,
house building is up a third compared to last year and at its highest level
since 2007, while 216,000 planning permissions were granted in the last 12
months. Recent estimates still show that Help to Buy accounts for just 3% of
overall house sales. Read more on the GovUK website.
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