Stewart Jackson – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Stewart Jackson on 2015-11-25.

To ask Mr Chancellor of the Exchequer, how many people have received funding from government schemes to assist first-time home buyers in (a) Peterborough and (b) England in each year since 2010; and if he will make a statement.

Greg Hands

The Government does not hold annual figures for the number of first time buyers who have received funding since 2010. However since the launch of The Help to Buy: Equity loan in April 2013, funding has been made available to support 46,133 first time buyers in England, of whom 601 were in Peterborough. Funding has also has been made available to support 19,971 first time buyers in England, of which 154 were in Peterborough, through the Firstbuy and Homebuy Direct schemes.

To support more first time buyers, the Government announced at the Spending Review plans to extend the Help to Buy: Equity Loan scheme until 2021, launch London Help to Buy and build 200,000 starter homes, to be sold at a 20% discount to young first time buyers. The Government is also launching Help to Buy: ISA, giving savers a bonus to help them purchase their first property.