Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what proportion of homes under the Mortgage Guarantee Scheme have been bought by first-time buyers.

The Government recognises the difficulties some prospective first-time buyers face in buying a home and is committed to helping them get on the housing ladder.

The new Mortgage Guarantee Scheme is now permanently available to lenders, and is designed to support and sustain the availability of low deposit mortgage products for credit-worthy borrowers. 95% loan-to-value mortgage products can be particularly important for first-time buyers who may struggle to raise larger deposits, and the scheme aims to support this segment of the UK mortgage market.