To ask the Secretary of State for Levelling Up, Housing and Communities, what support his Department is providing to people who have purchased properties through the Help to Buy Scheme with rising interest rates.
Answered on
16 December 2022
The Help to buy Equity Loan Scheme has helped over 369,000 households to own their own home and will continue to help many people until March 2023.
To support Help to Buy customers, the loan scheme is already interest free for five years. We are actively supporting customers who are struggling to make their interest repayments so if customers are in this position they are encouraged to speak to Target about options available to manage these.