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1271230

registered interest
date	15/12/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, if he will extend the help-to-buy scheme to enable smaller developers to obtain materials and meet their obligations to buyers.
tabling member constituency	Liverpool, Wavertree
tabling member printed	Paula Barker
uin	130259
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>The Government recognises that there has been market disruption. That is why on 31 July a two-month extension was announced to the Help To Buy building completion deadline from 31 December 2020 to 28 February 2021. The legal completion deadline for the purchase remains 31 March 2021. However, the Government also announced some additional flexibility to protect existing reservations made before 30 June 2020. These sales, by agreement with Homes England, must reach practical completion by 30 April 2021 and legal completion no later than 31 May 2021. More information can be found at <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fnews%2Fhelp-to-buy-scheme-extended&amp;data=04%7C01%7CPSChristopherPincher%40communities.gov.uk%7Cb4d3384699e349ab739708d8b0a8c2c4%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637453586147654523%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=bjF%2Blk2RGIRarD%2FYxHfPrD%2FW%2FIo0xicsbqTqKE2444M%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/news/help-to-buy-scheme-extended</a> . There are no plans to extend the current Help to Buy scheme beyond 31 March 2021 and a new two-year Help to Buy Equity Loan scheme for first time buyers commences on 1 April 2021. More information on the new scheme can be found at: <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.helptobuy.gov.uk%2Fequity-loan%2Fhelp-to-buy-equity-loan-2021-2023%2F&amp;data=04%7C01%7CPSChristopherPincher%40communities.gov.uk%7Cb4d3384699e349ab739708d8b0a8c2c4%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637453586147654523%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=lUSqenpHvcXXbtQC1GmS8nzeqwWwOitrZtWnA63naKQ%3D&amp;reserved=0" target="_blank">https://www.helptobuy.gov.uk/equity-loan/help-to-buy-equity-loan-2021-2023/</a> .</p> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 11/01/2021 16:58:56 answering member 4075 label Biography information for Christopher Pincher
tabling member	4828 label Biography information for Paula Barker

1257566

registered interest
date	02/12/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what the (a) cost to the public purse was of and (b) value of assets was in the Help to Buy scheme in each financial year since 2017-18.
tabling member constituency	Northampton South
tabling member printed	Andrew Lewer
uin	124304
answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>The Help to Buy expenditure (equity loans made), redemptions (equity loans repaid) and value of the loan portfolio (loan book) are published each year in Homes England's Annual Report &amp; Financial Statements and are summarised below for the financial years 2017-18 through to 2019-20 expressed in £000’s:</p><p>2017/18</p><p>Expenditure: £3,048,679 Valuation of assets: £8,314,304</p><p>Redemptions: (£492,394)</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fhomes-england-annual-report-and-financial-statements&amp;data=04%7C01%7CIan.HSmith%40communities.gov.uk%7Cba8e01f1fc9e40ff972c08d897811d09%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637425928072973839%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=oeO%2BSr42IGKFzQzBTPSo2ATmZviXXxIRWjMZXE3loSk%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/homes-england-annual-report-and-financial-statements</a></p><p>2018/19</p><p>Expenditure: £3,530,582 Valuation of assets: £11,083,941</p><p>Redemptions: (£714,925)</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fhomes-england-annual-report-financial-statements-201819&amp;data=04%7C01%7CIan.HSmith%40communities.gov.uk%7Cba8e01f1fc9e40ff972c08d897811d09%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637425928072983828%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=2uWFkrM%2BSrUx7R4JDhvtXZK54WVTkAqVmkpZeOiIf%2B4%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/homes-england-annual-report-financial-statements-201819</a></p><p>2019/20</p><p>Expenditure: £3,592,940 Valuation of assets: £14,016,314</p><p>Redemptions: (£919,840)</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fhomes-england-annual-report-financial-statements-201920&amp;data=04%7C01%7CIan.HSmith%40communities.gov.uk%7Cba8e01f1fc9e40ff972c08d897811d09%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637425928072993829%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=4i%2FXxJcpDJlAhMsKLdzVilWU62YvK9VT8F3BQuk80Lg%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/homes-england-annual-report-financial-statements-201920</a></p><p> </p> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 08/12/2020 17:44:24 answering member 4075 label Biography information for Christopher Pincher
tabling member	4659 label Biography information for Andrew Lewer

1246605

registered interest
date	23/10/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, whether the help to buy scheme in its current format will be extended until April 2022.
tabling member constituency	South Northamptonshire
tabling member printed	Andrea Leadsom
uin	108225
answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The Government recognises that there have been delays caused by Covid-19. That is why on 31 July a two-month extension was announced to the building completion deadline from 31 December 2020 to 28 February 2021. The legal completion deadline for the purchase remains 31 March 2021.</p><p>The Government also announced an extra measure to protect existing customers who have experienced severe delays as a result of coronavirus. Homes England, who administer Help to Buy, will work with those who had a reservation in place before 30 June to assess their situation and look to provide an extension where necessary. In which case, they will have until 31 May 2021 to legally complete. More information can be found at <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fnews%2Fhelp-to-buy-scheme-extended&amp;data=04%7C01%7CIan.HSmith%40communities.gov.uk%7C010f19d29ad84b4ec6dd08d87a62e8c3%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637393912509276318%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=jAYSiatC%2Fu8OMk5Wttgela3vR%2Fpk4cMIag%2B961G3w%2FU%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/news/help-to-buy-scheme-extended</a>.</p><p>We believe these measures provide sufficient time for developers to build out homes delayed by COVID 19 and protect customers whose purchases have been significantly delayed. There are no plans to extend the current scheme further.</p><p>Meanwhile the Government’s new Help to Buy scheme, which will replace the current scheme and is for first time buyers only, will commence on 1 April 2021 and run until March 2023. More information can be found at: <a href="https://www.helptobuy.gov.uk/equity-loan/help-to-buy-equity-loan-2021-2023/" target="_blank">https://www.helptobuy.gov.uk/equity-loan/help-to-buy-equity-loan-2021-2023/</a>.</p> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 02/11/2020 17:56:29 answering member 4075 label Biography information for Christopher Pincher
tabling member	4117 label Biography information for Andrea Leadsom

1185213

registered interest
date	16/03/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what policy decisions were set out in Budget 2020 in relation to Help to Buy.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	29825
answer	answer is ministerial correction date of answer 19/03/2020 answer text <p>In February, the Government confirmed details of the new Help to Buy Scheme from April 2021, which included a policy decision to define a first-time buyer as someone who has never previously owned a property. This definition is consistent with other government policies such as Stamp Duty Land Tax exemption. Budget 2020 set out the revised forecast expenditure arising from this decision.</p> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 19/03/2020 17:49:23 answering member 4075 label Biography information for Christopher Pincher previous answer version 13564 answering member constituency Tamworth answering member printed Christopher Pincher answering member 4075 label Biography information for Christopher Pincher
tabling member	400 label Biography information for John Healey

1178003

registered interest
date	12/02/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, if he will publish the (a) projected annual net costs of Help to Buy from its inception until 2021-22 as set out in the original business case, (b) actual annual net costs from inception until 2018-2019 and (c) current projected net costs until 2021-22.
tabling member constituency	Sheffield South East
tabling member printed	Mr Clive Betts
uin	1162
answer	answer is ministerial correction date of answer 24/02/2020 answer text <p>The following answer sets out Capital Departmental Expenditure Limits (CDEL) forecast expenditure of the Help to Buy: Equity Loan scheme, as set out in published Budget reports.  It includes CDEL financial transactions only, as the primary cost associated with the scheme.  It does not include running costs.  <br>  <br>Help to Buy: Equity Loan is a demand-led scheme: the uptake is driven by the market.  Budget forecasts are therefore revised regularly in light of the most recent market information and estimated demand for the scheme.</p><p>It would not be appropriate to set out annualised net forecast expenditure or costs because they are not reflective of the actual cost and return to government for the scheme. In particular, the annual net cost amount does not fully account for the equity element of the homes which is held as an asset.</p><p>For the reasons set out above, the Department does not set out annual net costs for Help to Buy: Equity Loan. Annual cost and income figures in relation to the scheme are set out in the Annual Report and Accounts of Homes England (formerly Homes and Communities Agency) for the financial years 2013-14 to 2018-19.</p><p>The figures published in the Budget reports are:</p><p>2013 Spring Budget Report</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F221885%2Fbudget2013_complete.pdf&amp;data=02%7C01%7CKenneth.Cameron%40communities.gov.uk%7C48f77c3d738040e3fb1b08d7b56b27ed%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637177344157379223&amp;sdata=qDuQEPW2Idk018M42uXAyJ0z%2BBcRzr2F8NjbvlnM4pA%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/221885/budget2013_complete.pdf</a></p><p>This contains announcement of scheme from 2013 to 2016.</p><p>page 65, page 71 Table 2.6 (£ million)</p><table><tbody><tr><td><p>Help to Buy: Equity Loan</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>total</p></td></tr><tr><td><p> </p></td><td><p>£1,150m</p></td><td><p>£1,430m</p></td><td><p>£1,550m</p></td><td><p>£4,130m</p></td></tr></tbody></table><p> </p><p>2014 Spring Budget Report</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F293759%2F37630_Budget_2014_Web_Accessible.pdf&amp;data=02%7C01%7CKenneth.Cameron%40communities.gov.uk%7C48f77c3d738040e3fb1b08d7b56b27ed%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637177344157389223&amp;sdata=FCRhwgzx8CrEMJFBggsNCCimHnlLogH2KELMMMh9wQA%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/293759/37630_Budget_2014_Web_Accessible.pdf</a></p><p>This contains the announcement of extending the scheme to 2020 (paragraphs 1.140, 2.15).   <br> <br>page 62, Table 2.5 (£ million)</p><table><tbody><tr><td><p> </p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td><td><p>total</p></td></tr><tr><td><p>Help to Buy: Equity Loan</p></td><td><p>0</p></td><td><p>0</p></td><td><p>£1,700m</p></td><td><p>£1,750m</p></td><td><p>£1,800m</p></td><td><p>£5,250m</p></td></tr></tbody></table><p><br>2015 Spending Review Autumn Statement</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F479749%2F52229_Blue_Book_PU1865_Web_Accessible.pdf&amp;data=02%7C01%7CKenneth.Cameron%40communities.gov.uk%7C48f77c3d738040e3fb1b08d7b56b27ed%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637177344157389223&amp;sdata=ajz1t4nHGZuaPf1tpXfbpAD5Ux2CWzsHTf9ZKxDpPVs%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/479749/52229_Blue_Book_PU1865_Web_Accessible.pdf</a></p><p>page 42, paragraph 1.146 part 4  This contains the announcement of extending the scheme to 2021, along with the new London Help to Buy scheme.</p><p>2016 Spring Budget Report  <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf</a></p><p>page 42, paragraph 1.105 This contains an update on scheme performance.</p><p>2017 Autumn Budget Report</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F661480%2Fautumn_budget_2017_web.pdf&amp;data=02%7C01%7CKenneth.Cameron%40communities.gov.uk%7C48f77c3d738040e3fb1b08d7b56b27ed%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637177344157399215&amp;sdata=bq5FkYYVvWcvI2qgZY0ATq3ngGXEvVjBwwZmJ5mODMI%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/661480/autumn_budget_2017_web.pdf</a></p><p>This contains the announcement of the additional £10 billion. <br>page 25, Table 1.9  (£ million)</p><table><tbody><tr><td><p>Help to Buy: Equity Loan</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td><td><p>total</p></td></tr><tr><td><p> </p></td><td><p>£1,895m</p></td><td><p>£2,870m</p></td><td><p>£3,325m</p></td><td><p>£3,780m</p></td><td><p>£11,870m</p></td></tr></tbody></table><p>2018 Autumn Budget Report</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F752202%2FBudget_2018_red_web.pdf&amp;data=02%7C01%7CKenneth.Cameron%40communities.gov.uk%7C48f77c3d738040e3fb1b08d7b56b27ed%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637177344157399215&amp;sdata=KwpjCOqNkqOEuwc2OyHyuvm30DrK4qKMCGyc4MM51vI%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752202/Budget_2018_red_web.pdf</a></p><p>Contains the announcement of the new scheme from 2021 to 2023. <br>page 27, Table 1.8  (£ million)</p><table><tbody><tr><td><p>Help to Buy: Equity Loan</p></td><td><p>2020-21</p></td><td><p>2021-22</p></td><td><p>2022-23</p></td><td><p>total</p></td></tr><tr><td><p> </p></td><td><p>£170m</p></td><td><p>£4,065m</p></td><td><p>£4,605m</p></td><td><p>£8,840m</p></td></tr></tbody></table> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 24/02/2020 17:47:56 answering member 4075 label Biography information for Christopher Pincher
tabling member	394 label Biography information for Mr Clive Betts

1175680

registered interest
date	03/02/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, how many and what proportion of Help to Buy, Equity Loan customers are in arrears, in each region of the UK.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	11448
answer	answer is ministerial correction date of answer 06/02/2020 answer text <p>At end November 2019 1,983 Help to Buy customers or 5.8 per cent of the total due to be paying interest fees, were in arrears. The large majority of customers in arrears are only one or two payments behind and this debt very largely reflects short-term administrative issues with direct debit set-up at the start of the interest fee paying period. Total interest fee arrears of £189,000 at end of November 2019 represent 2.7 per cent of total amounts charged to customer accounts.</p><p>The number of customer in arrears by region are: East Midlands – 221; East of England – 210; London – 103; North East – 174; North West – 352; South East – 270; South West – 182; West Midlands – 230; Yorkshire and the Humber – 241.</p><p><em> <br> <br></em></p> answering member constituency Tatton answering member printed Esther McVey question first answered 06/02/2020 16:55:30 answering member 4084 label Biography information for Esther McVey
tabling member	400 label Biography information for John Healey

1175705

registered interest
date	03/02/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the reasons why some people have redeemed their Help to Buy equity loans; and what estimate he has made of future redemption rates.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	11451
answer	answer is ministerial correction date of answer 06/02/2020 answer text <p>Of the 221,362 Help to Buy equity loans issued by 31 March 2019, 30,645 or 13.8 per cent had been redeemed by that date. Of the 30,645 full redemptions to 31 March 2019, 49.5 per cent (15,184) occurred via the sale of the home and 50.5 per cent (15,461) via customers remaining in their home and paying off their loan by re-mortgaging or with other funds.</p> answering member constituency Tatton answering member printed Esther McVey question first answered 06/02/2020 16:56:47 answering member 4084 label Biography information for Esther McVey
tabling member	400 label Biography information for John Healey

1170097

registered interest
date	13/01/2020
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	What recent assessment he has made of the effect of Help to Buy on the number of homes purchased by first time buyers.
tabling member constituency	Thirsk and Malton
tabling member printed	Kevin Hollinrake
uin	900123
answer	answer is ministerial correction date of answer 13/01/2020 answer text <p>Over 192,000 (81 per cent) of sales through Help to Buy: Equity Loan from its start in April 2013 to 30 June 2019 have been to first-time buyers.</p><p>This has helped increase the number of first-time buyers to over 350,000 in 2018 – an eleven-year annual high, an increase of 84 per cent since 2010.</p> answering member constituency Tatton answering member printed Esther McVey question first answered 13/01/2020 17:45:32 answering member 4084 label Biography information for Esther McVey
tabling member	4474 label Biography information for Kevin Hollinrake

1168746

registered interest
date	20/12/2019
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, how much money from the public purse has been spent on the purchase of Persimmon homes through the Help to Buy scheme in each year since its inception.
tabling member constituency	Sheffield South East
tabling member printed	Mr Clive Betts
uin	263
answer	answer is ministerial correction date of answer 10/01/2020 answer text <p>As of 30 June 2019, 236,313 households had used the Help to Buy: Equity Loan scheme to help them buy a new build home. The total value of equity loans made was £13.46 billion and the total value of homes sold through the scheme was £62.04 billion. 81 per cent of households have been first time buyers, helped to get their foot on the housing ladder by a scheme that has also contributed to the delivery of the over 241,000 additional homes in the last year – the highest level in over 30 years. The number of households supported to buy a new build home through the Help to Buy: Equity Loan scheme from Persimmon (14.4 per cent of the total), the purchase price of those homes and the value of equity loans made by calendar year from the inception of the scheme to 30 June 2019 is as follows:</p><p> </p><table><tbody><tr><td><p><strong><em>Year</em></strong></p></td><td><p><strong><em>Equity Loan Completions</em></strong></p></td><td><p><strong><em>Purchase Price Total</em></strong></p></td><td><p><strong><em>Equity Loan Total</em></strong></p></td></tr><tr><td><p><em>2013</em></p></td><td><p><em>2245</em></p></td><td><p><em>£437,644,430</em></p></td><td><p><em>£87,351,951</em></p></td></tr><tr><td><p><em>2014</em></p></td><td><p><em>4406</em></p></td><td><p><em>£903,567,041</em></p></td><td><p><em>£180,075,301</em></p></td></tr><tr><td><p><em>2015</em></p></td><td><p><em>5079</em></p></td><td><p><em>£1,078,869,463</em></p></td><td><p><em>£214,769,851</em></p></td></tr><tr><td><p><em>2016</em></p></td><td><p><em>5919</em></p></td><td><p><em>£1,340,933,810</em></p></td><td><p><em>£272,442,192</em></p></td></tr><tr><td><p><em>2017</em></p></td><td><p><em>6575</em></p></td><td><p><em>£1,547,274,793</em></p></td><td><p><em>£315,631,051</em></p></td></tr><tr><td><p><em>2018</em></p></td><td><p><em>6824</em></p></td><td><p><em>£1,659,675,186</em></p></td><td><p><em>£336,551,274</em></p></td></tr><tr><td><p><em>2019</em></p></td><td><p><em>3039</em></p></td><td><p><em>£754,212,503</em></p></td><td><p><em>£155,439,065</em></p></td></tr><tr><td><p><strong><em>Grand Total</em></strong></p></td><td><p><strong><em>34087</em></strong></p></td><td><p><strong><em>£7,722,177,226</em></strong></p></td><td><p><strong><em>£1,562,260,685</em></strong></p></td></tr></tbody></table> answering member constituency Tatton answering member printed Esther McVey question first answered 10/01/2020 11:59:24 answering member 4084 label Biography information for Esther McVey previous answer version 319 answering member constituency Tatton answering member printed Esther McVey answering member 4084 label Biography information for Esther McVey
tabling member	394 label Biography information for Mr Clive Betts

1168747

registered interest
date	20/12/2019
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what checks his Department carries out on homes purchased under the Help to Buy scheme to ensure that they comply with (a) building regulations and (b) other legal requirements.
tabling member constituency	Sheffield South East
tabling member printed	Mr Clive Betts
uin	264
answer	answer is ministerial correction date of answer 07/01/2020 answer text <p>House builders are responsible for ensuring they build high quality homes which are fit for purpose. Persimmon’s independent review has identified serious failings and they will want to take immediate action to address the concerns raised.</p><p>Improving the quality and safety of buildings is a priority for this government and we are determined to ensure that everyone is, and feels, safe in their homes. Through the Building Safety and Fire Safety Bills we will bring about fundamental change, reforming both the regulatory frameworks and industry culture to ensure construction products are safe and residents have a stronger voice in a more accountable system.</p><p>We will also create a New Homes Ombudsman to ensure homebuyers have a means of redress.</p> answering member constituency Tatton answering member printed Esther McVey grouped question UIN 265 266 question first answered 07/01/2020 18:00:52 answering member 4084 label Biography information for Esther McVey previous answer version 321 answering member constituency Tatton answering member printed Esther McVey answering member 4084 label Biography information for Esther McVey
tabling member	394 label Biography information for Mr Clive Betts