{"id":38241,"date":"2014-01-28T10:51:00","date_gmt":"2014-01-28T10:51:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=7206ed05342b5f5cd8bcf072508bac80"},"modified":"2014-01-28T10:51:00","modified_gmt":"2014-01-28T10:51:00","slug":"press-release-help-to-buy-equity-loan-creates-46-new-homeowners-a-day","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=38241","title":{"rendered":"Press release: Help to Buy: equity loan creates 46 new homeowners a day"},"content":{"rendered":"
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Housing Minister Kris Hopkins welcomed the news, as a sign of how the scheme is helping both aspiring homeowners, but also the wider construction industry as more homes are built in response to this growing demand.<\/p>\n

Since the scheme\u2019s launch just 9 months ago, there have been 12,875 sales of newly-built properties through the Help to Buy: equity loan<\/a>, with a further 6,446 sales in the pipeline. The figures also show there are over 22,000 new homes reserved through the scheme.<\/p>\n

Leeds leads the way<\/h2>\n

Aspiring homeowners have been helped across the country: Leeds has the highest number of sales with 230 through the scheme since April, while Wiltshire, Central Bedfordshire, Milton Keynes and Manchester complete the top 5 areas.<\/p>\n

Across the 32 London boroughs there were 810 Help to Buy sales – 6% of overall sales in the capital.<\/p>\n

And around 90% of sales of newly-built homes through Help to Buy were to first-time buyers.<\/p>\n

Getting Britain building<\/h2>\n

But Mr Hopkins also welcomed the wider impact on the construction industry that the Help to Buy scheme is having, with leading developers pledging to build more as a direct result of it. On top of this over 1,200 housebuilders have registered to participate in the scheme \u2013 94% of which are small and medium-sized businesses.<\/p>\n

And just last week the minister visited the Hanson\u2019s Claughton Manor brickworks<\/a> in Lancaster, a site that had been mothballed in 2009 but has now reopened in response to a surge in demand for bricks, thanks in part to Help to Buy.<\/p>\n

The Help to Buy: equity loan scheme enables people to buy a newly-built home with a deposit of at least 5% of the property price, while the government offers a loan of up to 20%. The rest is covered by a mortgage.<\/p>\n

This scheme also complements the Help to Buy: mortgage guarantee<\/a>, which has helped open up the mortgage market and enables people to buy with a mortgage of up to 95% of the property\u2019s value, by offering a guarantee on part of the loan to the lender. Since its launch in November, more than 6,000 aspiring homeowners have put offers on homes through the mortgage guarantee.<\/p>\n

Kris Hopkins said:<\/p>\n

\n

I\u2019m delighted that through the Help to Buy scheme, we\u2019ve helped thousands of hard-working people realise their dream of becoming homeowners, getting onto the property ladder using this valuable alternative to the Bank of Mum and Dad.<\/p>\n

But the Help to Buy scheme offers more than that: because each home sold is a new-build, we\u2019re also getting Britain building, with workers returning to sites across the country and helping bring housebuilding to its highest levels since 2007.<\/p>\n<\/blockquote>\n

Further information<\/h2>\n

Details of today\u2019s figures can be found on Help to Buy (equity loan) scheme monthly statistics<\/a>.<\/p>\n

\n
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Office address and general enquiries<\/h3>\n
\n

\nEland House
\n
\nBressenden Place
\n
\nLondon<\/span>
SW1E 5DU<\/span>\n<\/p>\n

\n

\n Email<\/span>
\n contactus@communities.gsi.gov.uk<\/a>\n <\/p>\n

\n General enquiries<\/span>
\n 0303 444 0000\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

\n
\n

Media enquiries<\/h3>\n
\n
\n

\n Email<\/span>
\n press.office@communities.gsi.gov.uk<\/a>\n <\/p>\n

\n News desk<\/span>
\n 0303 444 1201\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Equity loan scheme has created 46 new homeowners every day since its launch, new figures show today (28 January 2014).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/38241"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38241"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/38241\/revisions"}],"predecessor-version":[{"id":38265,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/38241\/revisions\/38265"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}