Subscribe to our Construction Newsfeed
UK Construction Directory
Search our 157,028 companies....

Construction News

31/07/2014

Almost 40,000 Households Benefit From Help to Buy Scheme

Almost 40,000 households have bought a home through Help to Buy scheme.

New figures published show over 32,500 households buying new build homes through the equity loan and NewBuy options, with a further 7,300 sales though the mortgage guarantee.

Over 80% of sales have gone to first time buyers and been for new build homes. The direct result is a new generation of homeowners and a 34% increase in private housebuilding during the first year of the scheme.
-- Advertisement --
hss



Housing and Planning Minster Brandon Lewis said: "Almost 40,000 households have now achieved their dream of becoming homeowners through Help to Buy. Hard working families are getting the homes they want, while housebuilding has increased to its highest level since 2007.

"It's no accident that since the start of the scheme private housebuilding has shot up by a third and continues to climb. Developers are increasing their output, and taking on new workers at the fastest rate since records began.

"And today, for the first time, we're publishing post-code level data about the scheme, so communities can see exactly how this vital part of our long-term economic plan is improving the housing market and helping their area."

(CD/MH)

Latest Construction News

09/04/2025
The Security Event, one of the UK's leading exhibitions for the security industry, has returned to the NEC Birmingham until 10 April 2025. Bringing together the full spectrum of the security sector, from manufacturers and distributors to installers, integrators, consultants and end users, the even
09/04/2025
The Health & Safety Event, currently underway at the NEC Birmingham, is attracting industry professionals from across the UK as it showcases the latest products, solutions, and innovations for workplace safety. Running until April 10, the event has firmly established itself as the UK's premier mee
08/04/2025
McLaren Construction Midlands and North has officially announced its role in delivering the highly anticipated Birmingham England Temple for The Church of Jesus Christ of Latter-day Saints. The project commenced with a ceremonial groundbreaking, attended by over 300 guests and live-streamed globall
08/04/2025
The University of Warwick's vision to create world-leading STEM facilities has taken a major step forward with the appointment of Kier as the preferred lead contractor to deliver Phase 1 of its STEM Connect Programme. The announcement marks a significant milestone in the University's wider Connect
08/04/2025
Building work has officially commenced on a new Football Foundation PlayZone in Southwick. The new multi-sport pitch is designed to offer football and basketball opportunities to people of all ages and abilities. The development of the PlayZone has been made possible through a £198,076 grant from
08/04/2025
Avant Homes has announced the acquisition of a 20.1-acre site in Yaddlethorpe and received planning permission to deliver a new £45 million residential development including 200 homes. Named Moorwell Meadows, the new development will be located off Scotter Road South and will feature a variety of t
08/04/2025
Applebridge Geoenvironmental, part of the Applebridge Family Construction Group, has been appointed for the Severn Trent Water & Hafren Dyfrdwy Ground Investigation Framework. The framework, valued at £36 million over a three-year period, brings together 12 contractors to undertake vital ground inv
08/04/2025
When business is booming and demand is on the rise, your warehouse's production capacity can start to feel the strain. While some companies might consider relocating or expanding their premises, there's a smarter solution that doesn't involve moving out—move up instead.
08/04/2025
Fibre cement is a versatile and robust building material that has gained popularity among the construction industry in recent years due to its strength, durability, and low maintenance qualities. Fibre cement is made from a mixture of cement, cellulose fibres, sand, and other additives that are co
08/04/2025
Peabody's regeneration of South Thamesmead has reached a major milestone, with a topping out ceremony held to celebrate the latest phase of the transformation. The event marked the progress of Phase Two of Peabody's seven-phase masterplan, a joint venture with housebuilder Lovell, which will delive
Efco UK LtdLakeside HireBRICOFLOR UKAqua Direct LtdStuart CanvasT & D Glazing And Installation LimitedPCE Instruments UK LtdKR Fireplaces LtdA Matter of SecurityOptima B E S Ltd