This data set contains Help to Buy: Equity Loan statistics at parliamentary constituency level. The figures cover the launch of the scheme on 1 April 2013 until 31 March 2019.
Further policy information on the Help to Buy: Equity Loan scheme can be found at: http://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans
This dataset presents three measures of data on the Help to Buy scheme:
Note that equity loans to first time buyers are a subset of all equity loans under the scheme.
Details of each measure are given below.
Help to Buy Equity Loan Scheme, by parliamentary constituency (Total Equity Loans)
Figures have been attributed to an individual constituency by reconciling data by comparing the Homes England provided Ordnance Survey X and Y coordinates to parliamentary constituencies. Records are assigned to the parliamentary constituency in which their coordinates are situated.
An equity loan is Government financial assistance given to eligible applicants to purchase an eligible home through a Government equity mortgage secured on the home. The Government equity mortgage is ranked second in priority behind an owner’s main mortgage lender.
This scheme offers up to 20 per cent of the value as Government assistance to purchasers buying a new build home. The buyer must provide a cash deposit of at least 5 per cent and a main mortgage lender must provide a loan of at least 75 per cent.
The Government assistance to buy is made through an equity loan made by the Homes England (HE) to the purchaser.
Help to Buy equity loans are only available on new build homes and the maximum purchase price is £600,000. Equity loan assistance for purchasers is paid via house builders registered with the HE to participate in the Help to Buy equity loan initiative. The payment is made to builders (via solicitors) at purchaser legal completion.
The equity loan is provided without fees for the first five years of ownership. The property title is held by the home owner who can therefore sell their home at any time and upon sale should provide the government the value of the same equity share of the property when it is sold.
For further information see Help to Buy (equity loan) scheme monthly statistics.
Help to Buy Equity Loan Scheme, by parliamentary constituency (Total Equity Loans to First Time Buyers).
Figures have been attributed to an individual constituency by reconciling data by comparing the Homes England provided Ordnance Survey X and Y coordinates to parliamentary constituencies. Records are assigned to the parliamentary constituency in which their coordinates are situated.
These figures are a subset of all equity loans.
An equity loan is Government financial assistance given to eligible applicants to purchase an eligible home through a Government equity mortgage secured on the home. The Government equity mortgage is ranked second in priority behind an owner’s main mortgage lender.
This scheme offers up to 20 per cent of the value as Government assistance to purchasers buying a new build home. The buyer must provide a cash deposit of at least 5 per cent and a main mortgage lender must provide a loan of at least 75 per cent.
The Government assistance to buy is made through an equity loan made by the Homes England (HE) to the purchaser.
Help to Buy equity loans are only available on new build homes and the maximum purchase price is £600,000. Equity loan assistance for purchasers is paid via house builders registered with the HE to participate in the Help to Buy equity loan initiative. The payment is made to builders (via solicitors) at purchaser legal completion.
The equity loan is provided without fees for the first five years of ownership. The property title is held by the home owner who can therefore sell their home at any time and upon sale should provide the government the value of the same equity share of the property when it is sold.
For further information see Help to Buy (equity loan) scheme monthly statistics.
Help to Buy Equity Loan Scheme, by parliamentary constituency (Total Value of Equity Loans).
Figures have been attributed to an individual constituency by reconciling data by comparing the Homes England provided Ordnance Survey X and Y coordinates to parliamentary constituencies. Records are assigned to the parliamentary constituency in which their coordinates are situated.
These figures are the total value in pounds (£s) of equity loans issued since the start of the scheme.
An equity loan is Government financial assistance given to eligible applicants to purchase an eligible home through a Government equity mortgage secured on the home. The Government equity mortgage is ranked second in priority behind an owner’s main mortgage lender.
This scheme offers up to 20 per cent of the value as Government assistance to purchasers buying a new build home. The buyer must provide a cash deposit of at least 5 per cent and a main mortgage lender must provide a loan of at least 75 per cent.
The Government assistance to buy is made through an equity loan made by the Homes England (HE) to the purchaser.
Help to Buy equity loans are only available on new build homes and the maximum purchase price is £600,000. Equity loan assistance for purchasers is paid via house builders registered with the HE to participate in the Help to Buy equity loan initiative. The payment is made to builders (via solicitors) at purchaser legal completion.
The equity loan is provided without fees for the first five years of ownership. The property title is held by the home owner who can therefore sell their home at any time and upon sale should provide the government the value of the same equity share of the property when it is sold.
For further information see Help to Buy (equity loan) scheme monthly statistics.
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