According to Housebuilder publication, ‘new government figures published at the end of July, revealed that 4,357 sales were made under the Help to Buy equity loan scheme in June, the highest monthly total since the scheme launched in April last year.
In total, 27,167 homes have been purchased under the equity loan initiative. The figures, covering April 2013 to June 30 2014, also show that first time buyers made up 85% of the sales at 23,167 transactions.
Yorkshire property developer Conroy Brook can also back this up as they have also seen an increase in interest in the Help to Buy scheme, completing two in the last six weeks - the most the company have done so far.
Stewart Baseley, HBF’s executive chairman, commented: “Help to Buy is allowing people across the country to buy new build homes and if people can buy, builders can build. Indicators suggest increases in housebuilding activity in the region of 25%, and the past year has seen the steepest increase in new housing starts for around 40 years.
“To ensure increases are sustainable, central and local government need to ensure the planning system responds accordingly and can meet demand in the long term.”
Conroy Brook currently has two new build developments available with Help to Buy:
- The Willows in Shelf, West Yorkshire
- Mayfield Court in Dodworth, South Yorkshire