First-time buyers benefit from Help-to-Buy

First-time buyers benefit from Help-to-Buy

In this short article we take a quick look at the number of First-Time Buyers who are benefitting from Help-To-Buy

  • Over 265,000 first-time buyers (FTBs) in England and Wales have benefitted from government Help-to-Buy Equity Loan schemes since they were introduced in April 2013 and January 2014 respectively.
  • 82% of all HTB equity loan property purchases between April 2013 and December 2020 have been to first-time buyers.
  • Over half (58%) of FTBs in England purchase with the minimum 5% deposit; 23% have a deposit between 5.1% and 10%. In England, the average FTB HTB property price is £311,635; £50,000 less than for non FTBs.
  • Despite the market closure in 2020, FTB HTB purchases were just 5% lower than in 2019. 17,700 completions took place in the final quarter, virtually double the 5-year quarterly average (2015–2019). Source: Dataloft, MHCLG, Stats Wales


Get in touch with us

It’s no secret that the younger generation in Attleborough is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it's no surprise that fewer under-34s are becoming homeowners.