Liverpool Property News

First-time buyers benefit from Help-to-Buy

Gill - Head Gillian Bell May 31, 2021, 10:30 AM
209_Dataloft_inform_Insight

Over 265,000 first-time buyers (FTBs) in England and Wales have benefitted from government Help-to-Buy Equity Loan schemes since they were introduced in April 2013 and January 2014 respectively.

82% of all HTB equity loan property purchases between April 2013 and December 2020 have been to first-time buyers.

Over half (58%) of FTBs in England purchase with the minimum 5% deposit; 23% have a deposit between 5.1% and 10%. In England, the average FTB HTB property price is Ā£311,635; Ā£50,000 less than for non FTBs.

Despite the market closure in 2020, FTB HTB purchases were just 5% lower than in 2019. 17,700 completions took place in the final quarter, virtually double the 5-year quarterly average (2015ā€“2019). Source: Dataloft, MHCLG, Stats Wales

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