More than 130,000 people have been able to become homeowners since the launch of Help to Buy in 2013.
New research found that 43% of new homes built under the Help to Buy: equity loan scheme since its launch would have not been built without introduction of the scheme.
The report also found that 82% of buyers under Help to Buy: equity loan would not have been able to purchase their home without the scheme helping them meet their ownership aspirations.
The Help to Buy scheme was set up to support hard-working people who could pay a mortgage but struggle to save the deposits required by lenders.
Recent figures also show that the number of new homes being registered across the UK is at its highest level since 2007.
By working closely with housebuilders, we’re ensuring that they have the skills needed to build even more homes that hard-working people want. Other initiatives such as Help to Buy have enabled nearly 270,000 people to buy since 2010.
All of this is good news for anyone who works hard and aspires to own their own home.