Nearly 100,000 have benefitted from Help to Buy

For sale and for rent signs in a residential area mainly for the student population of Nottingham and trent University England

Nearly 100,000 people have now been helped onto or up the property ladder by the government's flagship Help to Buy schemes, figures show.

Some 99,601 people have bought a home under Help to Buy, which enables people to buy a home with a fraction of the deposit they would normally require, according to Treasury figures.

The total is made up of people using the equity loan and mortgage guarantee schemes launched in 2013, as well as the Help to Buy: NewBuy scheme, which offers 95% mortgages to people buying a new-build home. The equity loan scheme and NewBuy scheme figures are for England only, while the mortgage guarantee scheme figures cover the whole of the UK.

The Treasury also confirmed that it is providing the Homes and Communities Agency with the 2016/17 allocation of the £6 billion committed to extend Help to Buy until at least 2020, which it said will give developers certainty so that they can plan for future Help to Buy housing schemes.

Help to Buy has in the past been accused of helping to pump up house prices. But the Treasury said that the average price of a home being bought under the Help to Buy equity loan and mortgage guarantee schemes is £184,000, which is significantly below the average house price across the country of £273,000.

Some 80% of people using Help to Buy have been first-time buyers, it said.

The Treasury said that on a regional basis, the highest number of homes that have been through the mortgage guarantee scheme are situated in the North West of England. Meanwhile, the equity loan scheme has been particularly popular in the South East region.

The figures also show that Wales accounts for 5% of Help to Buy: mortgage guarantee lending while Scotland accounts for 11% and Northern Ireland accounts for 2%. London also accounts for 5% of mortgage guarantee lending while the North West of England accounts for the biggest share, at 14%.

Other regions accounting for particularly large shares of mortgage guarantee lending are the South East, which accounts for 13%, East Anglia, which accounts for 10% and Yorkshire and Humberside, the East Midlands and the West Midlands, which account for 9% each. The South West of England accounts for 8% of lending under the mortgage guarantee.

Chancellor George Osborne said: "The government's Help to Buy scheme has now helped nearly 100,000 working people across the UK achieve their aspiration of buying a new or bigger home...

"Key to our long term plan is providing economic security for working people, at every stage in life.

The security of owning your own home is a big part of this, which is where Help to Buy comes in. It's also boosting the economy more widely by driving an increase in house building in Britain, ensuring long-term housing supply and creating jobs.

"That's why I committed £6 billion to extend Help to Buy to at least 2020, giving developers certainty so they can plan for future Help to Buy housing schemes and continue to boost housing supply. Today I've confirmed the first annual allocation, of nearly £1.5 billion, providing funding for Help to Buy equity loan for 2016/17."

First-time buyers were promised further help in the March Budget. Under a new Help to Buy Isa scheme, to be launched this autumn through banks and building societies, the Government will boost first-time buyers' savings for a deposit on a home by £50 for every £200 they save, up to a maximum bonus of £3,000.

It is estimated that around 285,000 first-time buyers will use the new Help to Buy Isa scheme a year.

Stewart Baseley, executive chairman of the Home Builders Federation said: "Help to Buy equity loan has stimulated demand for new homes and led to a sharp rise in private house building.

"Extending the scheme to 2020 provides certainty of demand that allows home builders to recruit the people and invest in the land and supply chains required to support further sustained increases."

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Nearly 100,000 have benefitted from Help to Buy

The most expensive property on the open market in London right now isn't even a house. But this five-bedroom apartment has the prestigious One Hyde Park address, with magnificent views of both Knightsbridge and Hyde Park. Like a country house, it's split into two wings, connected by a 50-metre hallway. And the Candy & Candy decor is dramatic, to say the least. It's priced at an eye-watering £64,999,950, through Savills.

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Just three miles from the middle of Edinburgh, sixteenth-century Craigcrook Castle is up for sale for the first time in nearly three hundred years. It needs a fair bit of work - and a great deal more money - but has gallons of potential. It's up for sale through Ballantynes with a guide price of £6,000,000.

The most expensive property we could find in Northern Ireland right now, Dundarave is a grand mid-eighteenth-century house standing in 595 acres. The extraordinary Great Hall, which rises to the full height of the building, was based on the hall of London's Reform Club. It's on the market for £5,000,000 with Savills.

It may be a little outside the usual footballer's territory, but Swettenham Hall has room for a good kickabout in several of its half-dozen reception rooms. There's an indoor swimming pool and gym, a historic chapel - and a helicopter hangar. It's up for sale with Jackson-Stops for £12,750,000.

This bastion of bling near Exeter was built four years ago and comes with an extraordinary range of features - from equestrian facilities to a helipad and hangar. There's an indoor swimming pool, an enormous garage that's more immaculate than most kitchens, and even an indoor shooting range - as well as a cinema, bar and entertainment suite. It'll set you back £7,000,000 through agents Knight Frank.

"Steeped in history and glamour", say the agents, this Georgian country pile has nine reception rooms and 13 bedrooms. Designed by by Sir John Soane, it features a sweeping double staircase and stunning original features. There's a rumour that Johnny Depp's interested, though, so you may need to move fast to snap it up. It's priced at £5,750,000 through agent Sowerbys.

Near Droitwich, this "faux-Regency house" has nine bedroom suites and four receptions - plus a huge conservatory and an orangery. It has a well-kitted out leisure wing, with pool, gym, sauna, steam room and solarium. Set in parkland, it's approached by an impressive drive. You can snap it up for £9,500,000 through agents Andrew Grant.


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