Help to Buy housing Statistics: FOI release
- Published
- 11 March 2020
- Part of
- Housing, Public sector
- FOI reference
- FOI/202000016697
- Date received
- 18 February 2020
- Date responded
- 10 March 2020
Information request and response under the Freedom of Information (Scotland) Act 2002
Information requested
'Since the introduction of the Help To Buy scheme:
Q1. How many property owners have purchased additional equity in their property?
Q2. What is the average additional equity stake purchased e.g. is it 5%, 10% etc.?
Q3.What is the average value of additional equity stake purchased?'
A clarification question was issued in which it was highlighted that owners do not purchase additional equity but are able to increase their equity by tranching, in which we asked "Can you clarify if you are looking for how many property owners have increased their equity by tranching up? In particular, it would be helpful to know in addition, can you also clarify the time period, is this all Help to Buy owners since 2013?
Response
The answer to your original question and also your response to our clarification questions is as follows:
Q1. How many property owners have purchased additional equity in their property?
R1. From 2013 a total of 102 property owners have increased their equity by tranching up.
Q2. What is the average additional equity stake purchased e.g. is it 5%, 10% etc.?
R2. The average equity stake purchase is 19.18%
Q3. What is the average value of additional equity stake purchased?
R3. We can confirm that that the average additional equity stake purchased is £37,312.
About FOI
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.
Contact
Please quote the FOI reference
Central Enquiry Unit
Email: ceu@gov.scot
Phone: 0300 244 4000
The Scottish Government
St Andrews House
Regent Road
Edinburgh
EH1 3DG
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