To ask His Majesty's Government what plans they have to extend the mortgage guarantee scheme for first-time buyers.
Answered on
26 October 2023
The Mortgage Guarantee Scheme (launched in April 2021) continues to support homebuyers and movers with deposits as small as 5%. As of March 2023, the scheme has helped over 37,376 households to buy their homes, 86% of which have been first-time buyers.
The Government remains committed to supporting first-time buyers in making home ownership a reality for as many households as possible.
Answered by
Treasury