Help To Buy Scheme's Impact Across England Revealed

The BBC has analysed official figures from the CLG. It found:

·         Help to Buy loans were used to purchase 76,559 homes outside of London between April 2013 and April 2016. This is equivalent to 30% of the 255,960 privately built new properties completed in that period.

·         In London, there were 4,483 completions using equity loans, equivalent to 11% of the 41,480 privately built homes over the same time.

·         Fewer than one in every 500 London homes has a Help to Buy loan, compared with one in every 200 elsewhere in England.

·         There was a surge in uptake of the loans in Greater London after February, when the government increased the upper limit for new home-buyers in the capital from 20% to 40% of the property's value.

Read more on the BBC website.