Research by MoveStreets has revealed which areas of the nation offer the highest levels of Help to Buy availability for first-time buyers, as well as where the scheme is highest in demand.
The firm analysed current property stock listed across each county and how many of these homes offer Help to Buy eligibility for those in need of a leg up onto the property ladder.
According to the data, the best chance of snagging a Help to Buy home is in Suffolk. 3.6% of all homes listed for sale in the county are eligible under the scheme, the highest stock level of all counties.
Buckinghamshire is also home to one of the highest levels of Help to Buy housing stock currently for sale on the market. 3.4% of all homes qualify for the scheme, followed by Cambridgeshire (3.3%), Norfolk (3.3%) and Bedfordshire (3.1%).
Three per cent of the total for sales stock in Surrey, Bristol and Berkshire is also available via Help to Buy, while Northumberland (2.9%) and Somerset (2.8%) complete the top 10.
Highest Demand for Help to Buy
In terms of the highest demand for the scheme from first-time buyers, it’s the Isle of Wight that ranks top. 66.7% of all Help to Buy homes on the island have already been sold subject to contract or are under offer.
Norfolk (61.2%) and Wiltshire (60%) are also home to Help to Buy demand levels of 60% or more, while Cheshire (59.1%), Dorset (58.3%), West Sussex (56%), Bath and North East Somerset (54.5%), Bristol (51.9%), Rutland (50%) and Lincolnshire (49.7%) also rank within the top 10.
Adam Kamani, CEO and Co-Founder of MoveStreets, commented: “With house prices hitting all-time highs, it’s fair to say the nation’s first-time buyers are facing the toughest challenge yet when it comes to getting that first foot on the property ladder.
"The good news is that they still have the helping hand of Help to Buy but as our research shows, buyer demand for homes that qualify for the scheme is high and they can be fairly hard to come by.”
