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Housing Today
Trusted media brand of the Chartered Institute of Housing
Where are Help to Buy sales falling fastest?
The steep drop in Help to Buy sales since strictrer new rules have come in is concerning housebuilders. But which areas are most affected?
Since its launch in 2013, the Help to Buy equity loans scheme has been cited by house builders as a key factor in bolstering demand through improved mortgage availability.
As of last year, 328,506 households had purchased homes through the scheme, which enables buyers to buy with a 5% deposit using an equity loan worth 20% of the price of a new build home (40% in London). An eye-watering £20 billion has been lent through the government-backed scheme since its launch in 2013.
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