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Figures show Help to Buy loans pass £20 billion
The number of people purchasing a home through the Help to Buy scheme is at an all-time high, according to new figures.
The latest Help to Buy statistics show that in the financial year 2020-21 over 55,000 households bought their home with the support of Help to Buy: equity loan – a record year for the scheme.
Since the scheme was introduced 328,506 households have now purchased a home through Help to Buy. In total, the value of these equity loans has reached over £20 billion, with the value of the properties sold under the scheme going past the £90 billion mark.
The figures show the appetite for home ownership remains high across the country with the government committed to supporting first-time buyers and hard-working families into home ownership.
Housing Secretary Robert Jenrick said: “Over 55,000 households bought their home with the support of Help to Buy equity loan last year: a record year for the scheme, which is helping young people and first-time buyers feel the sense of pride and achievement that comes with owning your own home. Whether it be Help to Buy, the 95 per cent mortgage guarantee scheme or First Homes – we’re doing everything we can to make home buying an affordable and realistic ambition.”
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