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Written Question
Help to Buy Scheme
Wednesday 6th March 2024

Asked by: Lord Reid of Cardowan (Labour - Life peer)

Question to the Department for Levelling Up, Housing & Communities:

To ask His Majesty's Government what assessment they have made of the impact of the closure of the Help to Buy scheme on the property market.

Answered by Baroness Swinburne - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

In line with the recommendation of the National Audit Office and Public Accounts Committee, the Department of Levelling Up, Housing and Communities has committed to undertaking an evaluation of the Help to Buy scheme, with a target date for publication of Autumn 2024. This will seek to investigate, amongst other matters, the effect of the Help to Buy scheme on the housing market within its lifetime and, where possible, after its closure.