Member Article

Leeds heads up Help-to-Buy participation with 230 house sales on the scheme

Leeds has had the highest number of sales through the Help-to-Buy scheme with 230 being bought since April 2013.

Wiltshire, Central Bedfordshire, Milton Keynes and Manchester complete the top five areas.

The Help to Buy equity Loan scheme has created 46 new homeowners every day since its launch, new figures today show.

Since the scheme’s launch just nine months ago, there have been 12,875 sales of newly-built properties through the Help to Buy: Equity Loan, with a further 6,446 sales in the pipeline.

The figures also show there are over 22,000 new homes reserved through the scheme.

Housing Minister Kris Hopkins welcomed the news as a sign of how the scheme is helping both aspiring homeowners, but also the wider construction industry as more homes are built in response to this growing demand.

Kris Hopkins said: “I’m delighted that since the launch of Help to Buy: Equity Loan just nine short months ago, 12,875 new homeowners have been created – equivalent to 46 a day.

“But with each of these sales being a newly-built home, I’m also pleased that housebuilders are using this momentum to build more, getting workers back on sites and getting Britain building once again.

“All this is a key part of our long-term economic plan, helping bring housebuilding to its highest levels since 2007 and orders for construction materials at a 10-year high.”

This was posted in Bdaily's Members' News section by Clare Burnett .