Most parts of England see no Help-to-Buy activity

Most parts of England see no Help-to-Buy activity

Two years after the help-to-buy scheme was introduced, most parts of England have yet to see any such deals reach completion.

According to data from, there has not been a single Help-to-Buy mortgage deal in 60 per cent of England’s postcode districts.

Leicester is England’s Help-to-Buy “hot spot”, with 892 completions since the policy was introduced in April 2013.

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In London, Havering saw the most activity with 375 completions.

The three-page research note from said: “Havering may be London’s Help to Buy hotspot, but its completion figures make the area the thirty-third most active Help-to-Buy location, pointing to a relative dearth of eligible Help-to-Buy properties in the Greater London area.

“Four boroughs in London have had zero completions despite at least 1,047 homes being technically eligible.

“With house prices notoriously steep in the capital, property ownership remains a distant dream for many young Londoners, even with help from Help-to-Buy.”

Adviser view

Stefan Stimpson, founder of Manchester-based I Am Mortgages, said: “I have had quite a bit of Help-to-Buy activity and I think it has been good for the industry as a whole.

“It has really helped clients know that there are some other options, and it was very much needed at the time.”