Help to Buy Update

According to data released by the treasury, there have been 48,393 completions,  since the Help to Buy equity loan scheme launched in April 2013.  New build homes purchased through the equity loan scheme accounted for 29,829  completions  and a further 18,564 properties were bought using the Help to Buy mortgage guarantee scheme.  First time buyers accounted for 85% of transactions for both the equity loan and mortgage guarantee schemes.  The average purchase price across the entire scheme was £187,815.00 significantly below the national average.  Just 6% of all transactions have been in London, with the South East having the most completions with 7,501.