Help to Buy scheme ends after funding new homes worth £110bn

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Official figures show the scheme supported 390,000 house purchases

The Help to Buy scheme ended in March this year after a decade in which it aided the purchase of almost 390,000 new build homes worth £110bn to the housebuilding industry, according to official figures out today.

The data from the Department for Levelling Up Housing and Communities (DLUHC) showed that a further 3,202 homes were purchased using the equity loan scheme in the first three months of the year, prior to it closing on March 31, exactly 10 years after being set up by then chancellor George Osborne.

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