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First Time Buyers

Volume 491: debated on Monday 27 April 2009

To ask the Secretary of State for Communities and Local Government how many people have applied for assistance under the first-time buyers initiative; how many applications have been granted; and what the average level of support provided has been. (270638)

Since the start of the FTBI programme, 37,455 applications have been registered where the applicant has either specifically mentioned FTBI or included it as one of the HomeBuy products that they are considering. Therefore, the number does not exclusively comprise FTBI applications.

Of the total number of applications, around 30,275 have been approved as eligible for the HomeBuy products, including FTBI.

In terms of the average level of support provided, an average contribution of about £72,500 has been made in each purchase.