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Help to Buy Equity Loan Scheme, by postcode district.

Summary

Type of release
a one-off release of a set of related datasets

Licence
UK Open Government Licence

Verification
automatically awarded

Release Date
27 October 2014
Modified Date
27 October 2014
Publishers
Department for Communities and Local Government contactus@communities.gsi.gov.uk

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Description

This data set contains Help to Buy: Equity Loan statistics at postcode district level. The figures cover the launch of the scheme on 1 April 2013 until 31 August 2014. Information on the allocation of completed sales to postcode districts is derived using the latest available information on the full postcode for each scheme. Figures have been attributed to an individual postcode sector by reconciling data against the ONS Postcode Directory (May 2014) where possible. Figures may be subject to revision later in the year. For sales before 31 March 2014, properties are included under the local authority district to which they were initially allocated. In some cases, this differs from latest information, which forms the basis of the first column of local authority district figures. Figures for some local authorities may be subject to revisions later in the year. Although local authority information is validated against other geographic data at the time of data entry, detailed reconciliation of the data, conducted twice a year, may result in a small number of changes to these monthly releases, for example where a new development crosses a local authority boundary. An equity loan is Government financial assistance given to eligible applicants to purchase an eligible home through a Government equity mortgage secured on the home. The Government equity mortgage is ranked second in priority behind an owner’s main mortgage lender. This scheme offers up to 20 per cent of the value as Government assistance to purchasers buying a new build home. The buyer must provide a cash deposit of at least 5 per cent and a main mortgage lender must provide a loan of at least 75 per cent. The Government assistance to buy is made through an equity loan made by the Homes and Communities Agency (HCA) to the purchaser. Help to Buy equity loans are only available on new build homes and the maximum purchase price is £600,000. Equity loan assistance for purchasers is paid via house builders registered with the HCA to participate in the Help to Buy equity loan initiative. The payment is made to builders (via solicitors) at purchaser legal completion. The equity loan is provided without fees for the first five years of ownership. The property title is held by the home owner who can therefore sell their home at any time and upon sale should provide the government the value of the same equity share of the property when it is sold. For further information see [Help to Buy (equity loan) scheme monthly statistics](https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics).

General Information

Legal Information

  • This data is available under

    UK Open Government Licence Do you think this data is incorrect? Let us know

  • This data was

    originally created or generated by its curator Do you think this data is incorrect? Let us know

  • The rights statement is at

    http://data.gov.uk/dataset/help-to-buy-equity-loan-scheme-by-postcode-district Do you think this data is incorrect? Let us know

  • There are

    yes, and the rights are all held by the same person or organisation Do you think this data is incorrect? Let us know

  • The content is available under

    UK Open Government Licence Do you think this data is incorrect? Let us know

  • This data contains

    no data about individuals Do you think this data is incorrect? Let us know

Practical Information

  • The data appears in this collection

    http://data.gov.uk Do you think this data is incorrect? Let us know

Technical Information

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  • The format of this data is

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