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Written question asked by Joan Ruddock (Labour) on Monday, 12 January 2015, in the House of Commons. It was due for an answer on Thursday, 15 January 2015 (named day). It was answered by Brandon Lewis (Conservative) on Thursday, 15 January 2015 on behalf of the Department for Communities and Local Government.


Help to Buy Scheme: Lewisham

Question

To ask the Secretary of State for Communities and Local Government, how many people in (a) Lewisham, Deptford constituency and (b) the Borough of Lewisham have been assisted by the (i) Help to Buy equity loan and (ii) Help to Buy mortgage guarantee schemes; and what the (A) range and (B) average value has been of mortgages so assisted.

Answer

This Government is committed to supporting people’s aspirations to own their own home.

By 30 November 2014, 83 families had bought a home with the assistance of the three Help to Buy schemes in the constituency of Lewisham, Deptford. This includes 59 families using the support of Help the Buy: Equity Loan and 24 families using the support of Help to Buy: Mortgage Guarantee scheme.

By 30 November 2014, 180 families in the London Borough of Lewisham had bought a home with the assistance of the three Help to Buy schemes. This includes 66 families using the Help to Buy: Equity Loan scheme and 85 families using the Help to Buy: Mortgage Guarantee scheme.

Statistics on the average purchase price of a property bought under the schemes are all produced and published at the national level, but not at the level of constituency or local authority.

The Department’s official statistics on sales for the respective Help to Buy schemes are available at:

Help to Buy: Equity Loan (broken down by constituency, local authority and postcode):

www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics

Help to Buy: Mortgage Guarantee (broken down by constituency, local authority and postcode):

www.gov.uk/government/statistics/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-september-2014

Help to Buy: New Buy (broken down by local authority):

www.gov.uk/government/statistics/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-september-2014. Figures are not available by constituency.


Secondary information

Type
Written question
Reference
220449
Session
2014-15
Subjects
Lewisham Help to buy scheme
Contains statistics
Yes
Link
View this Written question on www.parliament.uk