Lord Bradley – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Bradley on 2014-04-01.

To ask Her Majesty’s Government how many people have (1) applied for, and (2) been granted, help through (a) the Help to Buy mortgage guarantee scheme, and (b) the Help to Buy equity loan scheme, in each of the ten districts of Greater Manchester.

Lord Newby

LORD NEWBY

a) On 23 March, the Prime Minister announced that 2,572 mortgages were supported by the Help to Buy: mortgage guarantee scheme in its first four months. 342 of these were in the North West. The Government does not generally collect data on the number of applications participating lenders receive for mortgages supported by the Help to Buy: mortgage guarantee scheme. However, as a single submission to the Government, two of the largest lenders in the Scheme, Lloyds and RBS, have said they received 9,569 applications, and one of the smallest lenders in the Scheme, Aldermore, received 2,313 applications.

Now the Scheme is open, the Government is collecting data on mortgages covered by the guarantee, and will report in due course.

b) The Government publishes monthly statistics on the cumulative number of homes purchased (legal completions), with the support of Help to Buy: equity loans, by local authority in England. The data can be found at https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics.

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