First-time buyers benefit from Help-to-Buy

Over 265,000 first-time buyers in England and Wales have benefited from the government Help-to-Buy Equity Loan schemes since they were first introduced back in April 2014 and January 2014.

Over 265,000 first-time buyers in England and Wales have benefited from the government Help-to-Buy Equity Loan schemes since they were first introduced back in April 2014 and January 2014.

82% of all Help-to-Buy equity loan property purchases between April 2013 and December 2020 have been to first-time buyers, with the most first-time buyers taking advantage in 2018.

And despite the pandemic in 2020 nearly closing the property market first-time buyer purchases were just 5% lower than in 2019. However, as expected these were not evenly distributed throughout the year as nearly 18,000 completions took pace in Q4, which was nearly double the 5 year quarterly average from 2015-2019.

If you’re a first-time buyer wondering how you can take your first step to owning a property then speak to your local branch to find out more information about what support there is available for you. Speaking to one of our Mortgage Advisers is also a great first step to take as a first-time buyer.

Sources: Dataloft Inform