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Help to Buy equity loan completions top 19,000

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Help to Buy equity loan completions top 19,000

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Almost 20,000 properties have been purchased using a Help to Buy equity loan in the year since the scheme’s launch, government figures have shown.

The total value of properties purchased using the scheme was £3.97bn, with the government’s equity loan contributions totalling £791m.

The average equity loan was £36,999 and purchased a house valued at £184,995. First-time buyers accounted for 87.5% of the transactions completed.

Read the full article here, on Mortgage solutions

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