These statistical releases present Official Statistics on the government’s mortgage guarantee scheme. They present statistics on the number of mortgage completions, types and values of properties, borrower incomes and breakdowns by geographical area. The data is provided by National Savings and Investments (NS&I) who administer the scheme on behalf of the Treasury.
According to a survey conducted among 2,000 adults in the United Kingdom (UK), in December 2023, people were generally pessimistic about the prospects of buying a residential property. Asked whether they think now is the time to buy, approximately 16 percent of respondents said they agree, while 41 percent said they disagree. In contrast, between June 2020 and September 2021, the opposite trend was observed. Some of the reasons had to do with policies introduced in response to the coronavirus (COVID-19) pandemic, such as freeze of the income tax thresholds, extension of the furlough scheme, stamp duty holiday, the mortgage guarantee scheme, and the low mortgage rates.
This release presents figures on the number of home purchases and the value of equity loans under the government Help to Buy equity loan scheme, as well as the number of purchases under the government’s Help to Buy: NewBuy scheme (formerly known as ‘NewBuy’).
It does not cover statistics regarding the Help to Buy mortgage guarantee scheme, which have been published by HM Treasury.
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These statistical releases present Official Statistics on the government’s mortgage guarantee scheme. They present statistics on the number of mortgage completions, types and values of properties, borrower incomes and breakdowns by geographical area. The data is provided by National Savings and Investments (NS&I) who administer the scheme on behalf of the Treasury.