Help to Buy Scheme: Hampshire
The question
To ask the Secretary of State for Housing, Communities and Local Government, how many Help to Buy homeowners are waiting for a decision on a loan redemption application in (a) Aldershot constituency and (b) Hampshire.
Answered by Matthew Pennycook
Homes England do not hold information on redemptions initiated and redemptions concluded by constituency or local authority. In the last three months to November, for Help to Buy and associated legacy schemes, an average of 2320 redemptions per month were initiated and an average of 2288 concluded. Please note that these numbers are not directly comparable.
In order to be able to redeem a Help to Buy loan, several steps need to be completed by the customer, their surveyor, their solicitor and by the Help to Buy Mortgage Administrator. Timescales are therefore dependent on each of the parties. Redemptions may also be initiated by customers who subsequently decide not to proceed.
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