The figures accounted for the first 39 months of the scheme since both were launched in 2013 until 30 June 2016.
A total of 91,759 properties were bought with the support of the Help to Buy: Equity Loan scheme with 81% of sales, 74,025, coming from first-time buyers.
Under the Help to Buy: Mortgage Guarantee Scheme, 79% of mortgage purchases came from first-time buyers, with strong support in the North West and Scotland.
This comes after it was announced earlier in the month that the Help to Buy: Mortgage Guarantee Scheme, which at its peak in 2014 enabled 4,362 mortgage loans to be agreed, is closing at the end of the year. The Bank of England believes the mortgage market is now self-sustaining.
Richard Sexton, director of E.surv, said: “The increase in the number of mortgages completed through the Help to Buy Mortgage Guarantee Scheme is an indication that the UK housing market remains open for business. The fact that the majority of appr,ovals were for first-time buyers also shows that the scheme is helping many borrowers to take an important first step towards owning their own home.”
Wiltshire (1,550), Leeds (1,396) and Central Bedfordshire (1,352) were among the strongest performing local authorities for completed mortgage sales. However, he added that despite the strong figures, more is required from government officials to help first-time buyers get their foot on the property ladder.
“Help to Buy is clearly a welcome initiative, but it doesn’t tackle the UK’s chronic shortage of housing supply. Until this key issue is addressed, nothing will truly change.
“If we want to see any real change in this area, we will need the government to work more closely with the industry to tackle this important issue head-on,” said Sexton.