Lord Cooper of Windrush: To ask Her Majesty’s Government
what has been the total cost of the Help to Buy mortgage guarantee scheme since
its introduction.
To ask Her Majesty’s Government how many (1) individuals,
and (2) families, have bought homes through the Help to Buy mortgage guarantee
scheme.
Baroness Neville-Rolfe: The total cost of running the
Help to Buy mortgage guarantee scheme from its introduction in 13 October to 31
March 2016 was £11.9 million. This has been paid in full with the commercial
fees collected from lenders. The Treasury routinely publishes Official
Statistics on the performance of the Help to Buy: mortgage guarantee scheme.
The most recent publication was on 30 March 2017. This showed 101,960 mortgages
had been completed with the support of the scheme. We do not record whether
mortgage applications submitted to the scheme are made by a single individual
or jointly.
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