The eight London boroughs where no houses on sale qualify for Help to Buy

 
Emma Haslett
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There were just 603 homes worth less than £600,000 on sale in the capital. (Source: Getty)

The government's Help to Buy scheme may have been credited with boosting the UK's building sector, but in a quarter of the capital's boroughs, there are no houses up for sale which qualify for it.

The scheme, which provides government cash or an equity loan for first-time buyers moving into new-build homes, covers properties worth less than £600,000 in the capital.

However, in eight of the capital's boroughs, there are no new build houses on sale which are worth less than £600,000.

While exclusive boroughs such as Kensington and Chelsea and Westminster are on the list, it also includes Hackney and Tower Hamlets, areas which were at the lower end of the capital's property market until just a few years ago.

Meanwhile, Barking, Lewisham and Southwark all had just three qualifying properties up for sale, while Greenwich and Wandsworth had four.

Read more: These are the biggest risks to UK house prices

Borough No. of Houses for Sale under £600k
Camden 0
Hackney 0
Hammersmith 0
Islington 0
Kensington and Chelsea 0
Lambeth 0
Tower Hamlets 0
Westminster 0
Barking 3
Lewisham 3
Southwark 3
Greenwich 4
Wandsworth 4
Waltham Forest 8
Barnet 9
Bexley 13
Harrow 15
Hillingdon 21
Redbridge 25
Brent 26
Enfield 30
Bromley 32
Haringey 32
Hounslow 32
Newham 33
Ealing 34
Kingston upon Thames 35
Havering 39
Merton 40
Sutton 46
Richmond upon Thames 57
Croydon 59

Across the capital, there were just 603 houses worth less than £600,000 up for sale, compared with 13,156 worth more. And houses, rather than flats, worth below £600,000 made up just 2.7 per cent of the total number of properties on offer.

“We know house prices are overinflated in parts of the capital, but this research really highlights the scale of London’s property crisis for families," said Lucy Pendleton, founder of estate agents James Pendleton, which undertook the research.

“This research shows that, for those among them who need a leg up, a quarter of the capital is off limits."

In October Theresa May pledged to extend the Help to Buy scheme, which has been heavily criticised by some in the housing market.

The £10bn extension will mean another 135,000 people can buy homes using the scheme, the Prime Minister said at the Conservative Party Conference in Manchester. The scheme now accounts for a third of transactions in the new build market, with Persimmon and Gleeson relying the most on it.

Read more: London house prices still under pressure from tax changes

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