David Morris – 2014 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by David Morris on 2014-03-31.

To ask the Secretary of State for Communities and Local Government, how many first time buyers have been helped by the Government’s Help to Buy scheme (a) nationally and (b) in Morecambe and Lunesdale constituency.

Kris Hopkins

This Government is committed to supporting people’s aspirations to own their own home.

In the first eleven months of the scheme, 16,465 households purchased a new build home with the support of the Help to Buy: Equity Loan scheme.

By January 2014, the time of the last quarterly statistical release, first time buyers accounted for 89% of sales nationally. In Lancaster there were 16 sales by the end of January and first-time buyers accounted for 88% of all Help to Buy: equity loan sales in the area.

Home owners will also have been supported by the Help to Buy mortgage guarantee scheme, which is overseen by HM Treasury.