First-time buyers might feel that they are chasing the end of the rainbow as house price increases continue to keep their dream of home ownership just out of reach.
To address this, the Government introduced the Help-to-Buy scheme in 2013 and, four years on, they were pleased with its success. “The Help-to-Buy equity loan has achieved much higher take-up than we expected, helping 130,000 families so far with a deposit for their own home,” said Chancellor Philip Hammond.
The scheme hasn’t been without its critics, however – housing charity Shelter claiming that it hadn’t truly helped those most in need – but our interactive Help-to-Buy hotspots map reveals where the scheme has had the greatest impact.
Unsurprisingly, it’s outside the capital that the scheme has been most successful. Central Bedfordshire, on the fringes of the London commuter belt, tops the table, but the greatest density of hotspots lies in the East Midlands and North West of the country.
The individual town that ranks highest in the Help-to-Buy hotspots list is Chorley, the Lancashire home of the eponymous flattened, fruit-filled pastry cake.
Crunching the number of equity loans and Help-to-Buy ISA property completions per capita, along with average property prices and loan to value data, we were able to break down the uptake of the schemes across each region.
Explore the data in full and find out where your area sits in the Help-to-Buy hotspots league table.