Jonathan Lord – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Jonathan Lord on 2016-02-03.

To ask the Secretary of State for Communities and Local Government, what steps his Department is taking to promote Help to Buy.

Brandon Lewis

The Department promotes awareness of Help to Buy through the two Government websites Help to Buy and Own Your Home, through regular updates on the Help to Buy Twitter and Facebook accounts and through press advertising to promote Help to Buy: Equity Loan and London Help to Buy.

Over 62,500 homes have been purchased through Help to Buy: Equity Loan, to end September 2015. On 1 February, we launched London Help to Buy which will enable people to purchase a home with up to 40% equity loan of the purchase price and a deposit as low as 5%. It could potentially help over 10,000 households to purchase a home in London over the next five years.