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Written Question
Help to Buy Scheme
Monday 23rd June 2014

Asked by: Andrew George (Liberal Democrat - St Ives)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many applications for the Help to Buy scheme have been received in respect of Cornwall and the Isles of Scilly from applicants who (a) reside in Cornwall and the Isle of Scilly and (b) do not reside in either place.

Answered by Andrea Leadsom

The Government publishes quarterly official statistics relating to the Help to Buy: mortgage guarantee scheme. The first of these were published on 29 May 2014.

This report, along with accompanying tables, can be found at: www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014

The Government has also recently published statistics on the completions supported by the Help to Buy: equity loan scheme. Full statistics covering the period April 2013 to March 2014 have been published as well as the number of completions, by local authority, to April 2014:

www.gov.uk/government/publications/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2014

www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics

Under both the Help to Buy: mortgage guarantee and the Help to Buy: equity loan schemes borrowers need to declare that the property will be their sole residence.

Speech in Commons Chamber - Tue 29 Apr 2014
Oral Answers to Questions

"T5. I thank my right hon. Friend the Chief Secretary to the Treasury for visiting Cornwall last week, when he will have been impressed by the resourcefulness and enterprise in the Cornish economy. Will he make sure that those charged with managing the Cornwall EU structural fund programme are granted …..."
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Speech in Westminster Hall - Tue 08 Apr 2014
Business Lending

"It is a great pleasure to have secured this important debate, Mrs Riordan. The issue has been pressing for many businesses in my constituency, and it has been raised on a number of occasions by me and by others in the House because of concern about the change of relationship …..."
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Speech in Westminster Hall - Tue 08 Apr 2014
Business Lending

"My hon. Friend makes a very acute point. It does seem to me that in the many cases that I have taken up—no doubt he has done the same in his constituency—there were these rather dodgy business loans and, of course, the swap agreements embedded in them. That is the …..."
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Speech in Westminster Hall - Tue 08 Apr 2014
Business Lending

"I am sure that the Minister heard my hon. Friend’s comment and will take it into account in her response.

The fact is that Seasalt is still waiting for its interest swap issue to be resolved, more than 21 months since it lodged a complaint about it. HSBC has done …..."
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Speech in Westminster Hall - Tue 08 Apr 2014
Business Lending

"I am grateful for the Minister’s comments on that, but will there be an opportunity for appeal for those businesses? There will be circumstances in which businesses can show that this unregulated financial product was mis-sold and that they were misled through how the banks sold the product to them...."
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Speech in Westminster Hall - Tue 08 Apr 2014
Business Lending

"I am grateful to the Minister for giving way once again. With those companies that go into administration, the administrator is in many cases acting on behalf of the creditors, including the bank. I cannot see how the administrator can in any sense represent the interests of the company seeking …..."
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Speech in Commons Chamber - Tue 25 Jun 2013
Oral Answers to Questions

"10. What progress he has made on implementing the housing market measures announced in Budget 2013...."
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Speech in Commons Chamber - Tue 25 Jun 2013
Oral Answers to Questions

"In high house price and low wage areas such as mine, where four times more properties are sold to second home buyers than to first-time buyers, intermediate market solutions—shared equity and affordable homes with section 106 planning restrictions—are often the only way for local families to get a toe on …..."
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Speech in Commons Chamber - Mon 25 Mar 2013
amendment of the law

"It is, of course, a pleasure to follow the hon. Member for Bradford West (George Galloway). His speech was an oratorical interlude that demonstrated his perspective on the world and suited his style: blacks, whites and no greys. Although he denies practising yah-boo politics, I am afraid to say that …..."
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