15 December 2016

Help to Buy Equity Loan helps over 100,000 people buy a new home

The latest Help to Buy statistics released today (15 December 2016) show that over 100,000 people have been able to buy a home using the government’s Help to Buy Equity Loan scheme.

More than 100,000 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.

The main points are:

  • 100,284 properties were bought with the support of the Help to Buy Equity Loan scheme

  • the majority of sales were to first-time buyers (80,811) representing 81% of total sales

  • the average purchase price was £229,608

  • Manchester (10th), Liverpool (14th) and Cheshire West and Chester (15th) all feature in the the top 20 local authorities in terms of completed sales 

The table below shows all NW local authorities and equity loan completions:

Local Authority

Total Equity Loans

Equity Loans to First Time Buyers

Manchester

1072

1007

Liverpool

932

836

Cheshire West & Chester

925

704

Cheshire East

794

600

Chorley

658

479

St Helens

643

546

Rochdale

632

548

Salford

620

544

Wigan

587

468

Warrington

537

432

Tameside

455

398

Knowsley

394

353

South Ribble

360

287

Halton

348

259

Oldham

324

289

Bury

307

269

Sefton

301

271

Bolton

296

259

Wyre

282

241

Lancaster

252

205

Fylde

228

168

Carlisle

216

172

Burnley

190

159

Allerdale

188

148

Wirral

172

150

Stockport

167

133

West Lancashire

149

115

Ribble Valley

138

96

Preston

136

99

Rossendale

126

95

Trafford

115

109

Blackburn with Darwen

114

112

Hyndburn

98

89

Blackpool

89

78

South Lakeland

53

45

Copeland

50

44

Eden

44

36

Barrow in Furness

43

31

Pendle

20

15