Wednesday, 10 June 2015

Help to Buy Scheme – Parliamentary Written Answer

Emily Thornberry: To ask the Secretary of State for Communities and Local Government, what estimate he has made of the average cost of homes sold to first-time buyers under the Help to Buy scheme in (a) England, (b) London, (c) London Borough of Islington and (d) Islington South and Finsbury constituency in each of the last four years.

Brandon Lewis: Information on the average cost of homes sold to first time buyers under Help to Buy is not currently published. However available figures show the average cost of all homes sold under the Help to Buy: Mortgage Guarantee scheme as £163,921 for England and £287,109 for London. Available figures for the Help to Buy: Equity Loan scheme show the average cost of all homes was £212,932 for England.

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