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Housing minister hails help to buy figures

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Housing minister hails help to buy figures

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government

Kris Hopkins Kris Hopkins

Housing Minister Kris Hopkins has hailed the government's help to buy scheme, as new figures reveal it has created 46 new homeowners every day since its launch.

Welcoming the news, Hopkins said the scheme is helping not only aspiring homeowners but also the wider construction industry as more homes are built in response to growing demand.

Since help to buy’s launch nine months ago, 12,875 newly-built properties has been sold through the scheme. There are a further 6,446 sales in the pipeline and the figures also show there are over 22,000 new homes reserved through the policy.

Leeds has the highest number of sales with 230 through the scheme since April, with Wiltshire, central Bedfordshire, Milton Keynes and Manchester completing the top five areas.

London has seen 810 help to buy sales, 6% of overall sales in the capital.

Kris Hopkins said: “I’m delighted that since the launch of help to buy: equity loan just nine short months ago, 12,875 new homeowners have been created – equivalent to 46 a day.

“But with each of these sales being a newly-built home, I’m also pleased that housebuilders are using this momentum to build more, getting workers back on sites and getting Britain building once again.

“All this is a key part of our long-term economic plan, helping bring housebuilding to its highest levels since 2007 and orders for construction materials at a 10-year high.”

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