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HomeBuy Scheme

Volume 488: debated on Tuesday 3 March 2009

To ask the Secretary of State for Communities and Local Government how many homes were purchased under (1) the New Build HomeBuy Scheme in (a) each region and (b) each London borough in (i) 2006-07 and (ii) 2007-08; and how many have been purchased in each area in 2008-09 to date; (258965)

(2) the Open Market HomeBuy Scheme in (a) each region and (b) each London borough in (i) 2006-07 and (ii) 2007-08; and how many have been purchased in each area in 2008-09 to date.

The following table shows the regional distribution of open market homebuy and new build homebuy completions for 2006-07, 2007-08 and up to end of January 2009 for 2008-09. These are based on the local authority in which the property is located.

Open market homebuyNew build homebuy

Region name (by location)

2006-07

2007-08

2008-09 to end January

2006-07

2007-08

2008-09 to end January

North East

1

12

22

100

106

112

North West

66

191

174

724

905

393

Yorks and Humber

31

98

234

303

393

285

East Midlands

64

78

212

810

1,301

630

West Midlands

137

149

352

651

1,339

614

Eastern

378

541

861

1,211

1,770

559

London

787

478

856

3,549

4,786

2,418

South East

951

977

1,537

2,844

2,963

1,464

South West

92

352

607

825

1,317

774

2,507

2,876

4,855

11,017

14,880

7,249

Source:

Homes and Communities Agency Investment Management System

The following table shows the figures for each London borough of open market homebuy and new build homebuy completions for 2006-07, 2007-08 and up to end of January 2009 for 2008-09. These are based on the local authority in which the property is located.

Open market homebuyNew build homebuy

Location LA name

2006-07

2007-08

2008-09 to end January

2006-07

2007-08

2008-09 to end January

City of London

0

0

7

0

0

0

Barking and Dagenham

32

18

24

122

160

13

Barnet

15

20

29

18

48

27

Bexley

42

29

65

49

164

0

Brent

8

5

10

184

109

220

Bromley

65

24

59

36

97

48

Camden

3

0

10

19

51

27

Croydon

63

34

66

151

212

29

Ealing

21

15

17

362

174

101

Enfield

50

25

35

96

223

0

Greenwich

45

21

42

233

292

42

Hackney

12

9

11

284

315

294

Hammersmith and Fulham

3

3

8

134

143

81

Haringey

22

17

13

144

174

115

Harrow

9

17

16

37

87

101

Havering

21

18

24

38

99

101

Hillingdon

29

21

24

49

63

0

Hounslow

13

17

20

210

514

44

Islington

13

2

11

353

111

42

Kensington and Chelsea

0

0

2

22

14

4

Kingston upon Thames

22

12

28

8

27

0

Lambeth

34

21

44

16

112

101

Lewisham

72

26

46

10

183

4

Merton

25

7

24

29

163

30

Newham

12

6

18

171

290

184

Redbridge

26

18

19

90

15

46

Richmond upon Thames

8

11

22

12

50

32

Southwark

14

15

11

142

237

109

Sutton

53

36

71

12

10

90

Tower Hamlets

7

3

10

272

426

378

Waltham Forest

24

23

38

91

38

17

Wandsworth

20

3

25

147

168

136

Westminster

4

2

7

8

17

2

787

478

856

3,549

4,786

2,418

Source:

Homes and Communities Agency Investment Management System

To ask the Secretary of State for Communities and Local Government (1) how many developers have submitted bids to the Homes and Communities Agency to participate in the HomeBuy Direct scheme; and if she will make a statement; (259429)

(2) how many individuals had applied for assistance under the HomeBuy Direct scheme at the latest date for which figures are available;

(3) when she expects the HomeBuy Direct scheme to be fully operational; and if she will make a statement;

(4) by what date she expects the first properties to be purchased via the HomeBuy Direct scheme.

Allowing for bids from different operating companies within recognised overall group structures, 133 organisations submitted bids to the Homes and Communities Agency to provide the HomeBuy Direct scheme on more than 23,000 properties. This strong response from developers has allowed us to expand the scheme to help up to 18,000 first time buyers (rather than up to 10,000 as was originally planned).

The scheme is now in the process of being rolled out. 3,000 HomeBuy Direct properties are available to purchasers now, and further properties will become available very soon.

The Homes and Communities Agency does not collect data on the number of applications from individuals for the scheme.