Trying to get on the property ladder? The top help-to-buy hotspots are revealed

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    For an increasing number of us, buying our own home has become an impossible dream – even with help from the Bank of Mum and Dad. No wonder so many of us are turning to Government-backed help-to-buy schemes and ISAs to make that dream a reality.

    But a new survey reveals that some areas offer a far better shot at home ownership than others. Independent credit expert TotallyMoney has researched programmes up and down the UK and Northern Ireland, and compiled a list of regions, cities and districts that offer the best opportunities to get on the property ladder. And the top hotspots may surprise you.

    Related: Calling all first-time buyers – these are the most affordable cities in the UK


    Image credit: Kevin Wakelam/Getty Images

    To compile the list, TotallyMoney looked at three main factors – the number of help-to-buy equity loans used in each region, how many help-to-buy ISA purchased made completion, and the average amount left to pay on the mortgage after government help (based on local house prices).

    Let’s start with help-to-buy cities, where coming in at number one is… Wakefield!

    If your geography is anything like ours, you may not know that Wakefield has a very handy location between Leeds and York. This prime spot for commuters is one clue as to why it’s seen the most help-to-buy ISA completions for any city. 610 purchases went through between December 2015 and March 2017.

    Buy to let hotspot Hull

    Image credit: Rachel Dunsdon Photography/Getty Images

    In second place comes Hull. This Yorkshire city is becoming attractive for lots of reasons – not least its low average property prices of £134,452. That makes the 5 per cent deposit required for a help-to-buy property the lowest of any city in the UK, at just £6,722.

    The UK’s City of Culture 2017, Hull has also been earmarked for a multi-million pound regeneration project. Plans are in place to build a new 100-bedroom hotel, ice rink, shops and houses in the heart of the Old Town.

    Hull is a hot spot! Top cities to visit in 2016 revealed, and you won’t believe the area representing Britain – it’s one Hull of a shock!


    Image credit: Country Properties

    Looking at regions, Central Bedfordshire came out as the top district for buying a property through a help-to-buy scheme. Its market towns, like Leighton Buzzard, Houghton Regis and Ampthill, are attracting commuters priced out of London and Hertfordshire.

    Exactly 1,710 help-to-buy equity loans were taken out between December 2015 and March 2017. And 245 homes were bought with a help-to-buy ISA.

    The top 10 help-to-buy regions in the UK

    1. Central Bedfordshire
    2. Chorley, Lancashire
    3. Cheshire West and Chester
    4. Conwy, North Wales
    5. Selby, North Yorkshire
    6. Tewkesbury, Gloucestershire
    7. North-west Leicestershire
    8. Ashfield, Nottinghamshire
    9. Gedling, Nottinghamshire
    10. Doncaster, South Yorkshire

    Got the keys? You know you’re a first time homeowner when…

    ‘With government help-to-buy schemes, getting on the property ladder can become a realistic option,’ says Joe Gardiner at TotallyMoney. ‘For those thinking of utilising these schemes, knowing where in the UK is the most help-to-buy friendly, and whether your local area is one of these hotspots, is of particular importance to allow buyers to make a responsible financial decision.’

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