The Help To Buy equity loan scheme has generated 32,268 sales since its launch in April last year, latest government figures show.
This is the version of HTB where the government lends up to 20 per cent of the value of a property in the form of an equity loan; buyers have to find a five per cent deposit and secure a mortgage to cover the other 75 per cent of the cost. It applies only to new-builds costing under £600,000 but is open to existing home owners as well as first time buyers.
The total number is up from the 29,829 sales recorded to the end of July.
DCLG's latest figures cover the period from April 1 2013 to August 31 this year, and show once again that the majority of the sales were actually to first time buyers at 84 per cent of total transactions. The average purchase price was £210,269.
The top six local authorities for equity loan legal completions were Wiltshire at 557, Leeds (539), Central Bedfordshire (504), Peterborough (447), Milton Keynes (425) and Bedford (388).
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