Help to Buy deadline approaches

In this short article we look at the impact the 'Help to Buy' scheme has had with First Time Buyers

There are less than three months left for First Time Buyers to benefit from the Help-to-Buy Equity Loan scheme. The deadline for new applications is 6pm on 31st October 2022.
The Equity Loan scheme has helped over 300,000 First Time Buyers take a step onto the housing ladder since it was first introduced in April 2014.
Unsurprisingly, the scheme was most popular in areas with higher house prices. 18% of the loans were in the South East, compared to only 6% in the North East.
The scheme is only available on new build homes. Over 60% of new build homes built in the South East, South West and East of England , were priced at a level that would qualify for the scheme, encouraging many First Time Buyers to seize the moment.
Source: Dataloft, DLUHC, Land Registry

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