Overall, just under 500,000 homes have been purchased with the help of either a Help to Buy equity loan or a bonus from a Help to Buy ISA, with the government paying out just under £12bn across both schemes.
This has undoubtedly helped many people to get onto the property ladder, but the research shows that some areas are benefitting more than others.
While those in London and the south of England are much more likely to take advantage of the scheme due to the higher house prices in those areas, the stats show that buyers in areas with lower house prices are getting the most out of it, such as the north of England, Scotland and Wales.
However, the scheme has attracted a lot of criticism too, with claims that it has simply inflated house prices, rather than helping young buyers buy their first homes.
*Other Help to Buy schemes such as Shared Ownership also exist, although statistics have not been made available for these.
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