Skip to content
Friday 28 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,792.54
-0.79%
DAX
26,367.24
0.00%
CAC 40
8,319.87
0.00%
STOXX 50
6,424.73
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Thursday 29 September 2016 12:40 pm

The number of mortgage completions made through Help to Buy fell year-on-year in June

By: Helen Cahill

Add as a preferred source on Google

The number of mortgage completions made with the government's Help to Buy scheme has fallen by eight per cent year-on-year in June, according to figures from the Treasury.

Completions made through Help to Buy reached 3,118, a monthly increase of 27 per cent.

Read more: Government Help to Buy Scheme under fire over deposit clauses

The Treasury said 79 per ent of the purchases were made by first time buyers, suggesting the EU referendum did not deter them from getting onto the housing ladder.

Since the launch of Help to Buy, which offers lenders the ability to get a guarantee on mortgages for borrowers with a deposit of between five per cent and 20 per cent, 86,341 mortgages have been completed with the scheme.

However, Londoners have not been particularly active in the scheme. Since it was launched in October 2013, only 4,129 of the completions with Help to Buy have been in London – just under five per cent of the total.

Read more: Eh? People are cashing out of their Help to Buy Isas after just four months

Richard Sexton, director of chartered surveyors e.surv, said: "The increase in the number of mortgages completed through the Help to Buy mortgage guarantee scheme is an indication that the UK housing market remains open for business.

"The fact that the majority of approvals were for first-time buyers also shows that the scheme is helping many borrowers to take an important fist step towards owning their own home.

"However, while the scheme is important, it is still a drop in the ocean of what is required to get first time buyers onto the property ladder, especially in London."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Property

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

  • Lloyds Bank and Halifax users unable to use app in latest outage

  • Economists urge Bank of England to halt bond sales as borrowing costs climb

More from Morning Wire

  • Housebuilder shares rally on Iran war peace hopes and help-to-buy revival

    Property
    Construction worker in high-visibility vest on a new house roof with red tiles, surrounded by scaffolding.
  • Housebuilder Bellway calls for ‘immediate’ cut to stamp duty

    Property
    Barratt Redrow said it remained "confident" in its medium-term target of 22,000 homes a year.
  • Mortgage rate hikes cost London homebuyers £35,000

    Property
    Street scene with historic London row houses, parked cars, crosswalk, and a red mailbox under a blue sky
  • KBRA Releases Research – UK Buy-to-Let RMBS: Stabilising Credit, Broadening Issuance

    Business Wire
  • As it happened: FTSE 100 climbs as markets digest Bessent buyback

    Markets
    Scott Bessent, a man with gray hair and glasses, wearing a blue suit and striped tie, looking to the side.
  • Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans 

    Economics
    Man in suit and red tie speaking at a podium to an audience in a modern building.
  • CoStar Data Shows Strong Prelet Activity Driving UK Lab Space Demand to a Record High

    Business Wire
  • IHT pension scramble shows ‘no sign of slowing down’, says Royal London boss 

    Investing
    Royal London shared £181mn with its 2.3m customers in April
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook