Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the amount of Help to Buy equity loan funding that will be written off in each of the next five financial years.

The Help to Buy offers equity loans, and as such they would not be subject to a write-off as might be the case with a conventional mortgage. The portfolio is measured at fair value, with the valuation reported in Homes England’s annual accounts. This also includes scenario analysis to consider the impact on the valuation of the portfolio under various economic scenarios.