Help to Buy boosted sales of new homes

Posted on Monday, February 28, 2022

  • Take-up of the government's Help to Buy scheme has declined since the introduction of lower caps and when limited to first-time buyers from April 2021.
  • At its peak in Q4 2020, the scheme accounted for 36% of all new build sales (averaging 25% over 2020), but has been steadily falling to 14% (in Q3 2021).
  • New home developers have had to react to the reduction of Help to Buy sales and diversify their offering.
  • Successors to Help to Buy are likely to be primarily First Homes, but also Shared Ownership and private low deposit mortgages (e.g., Deposit Unlock).Source: Dataloft, DLUHC