• more than 150,000 completions have taken place, with 80% having been made by first-time buyers
• the average house price was £188,380 significantly below the national average
• 95% of Help to Buy completions took place outside of London
• over half of Help to Buy completions have been for new-build homes.
Help to Buy has various options that enable buyers to get a new home with only a 5% deposit. The government provides a loan or guarantee for a further 20%, making a total deposit of 25%.
More than half of the homes bought through the scheme are new-build properties, helping to contribute to the 14% rise in private house building since 2013.
The Executive Chairman of the Home Builders Federation, Stewart Baseley, said: “Help to Buy continues to help stimulate demand for new build homes.
“We estimate the larger house builders have increased output by 50% since the trough with overall supply up by 37% in the last two years.”