North Swindon MP, Justin Tomlinson, has welcomed the news that over 350,000 people have benefitted from support to buy their own home through Help to Buy.
The latest statistics show that 350,000 people have used the Help to Buy Scheme to help them buy their first home, including more than 1,000 people in Swindon.
The Help to Buy ISA also continues to be incredibly popular, with 1.1m being opened and offering government bonuses of up to £3,000.
More than 140,000 completions have now taken place through the Help to Buy Equity Loan scheme, which offers buyers up to 20% of a newly built home’s costs so they only need to provide a 5% deposit.
Help to Buy statistics released last week show that:
- Over 350,000 completions have taken place using one or more of the Help to Buy schemes
- Over 300,000 first time buyer households are now on the housing ladder thanks to Help to Buy
- Over 93% of completions across the Help to Buy schemes have taken place outside of London
First-time buyers will also benefit further from the abolition of Stamp Duty for first-time buyers on properties up to £300,000, or the first £300,000 on homes worth up to £500,000.
Justin Tomlinson MP said: “I want to ensure that all young people get the chance to experience the ownership and security that comes with owning your own home – I still remember the joy I experienced when I got the keys to my home in Taw Hill. The success of Help to Buy shows how many young people want to own their own home, and I am delighted the Government is helping them achieve this.”
