Help to Buy Scheme
(asked on 13th October 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many Help to Buy mortgages have been refused by the Government despite being accepted by the participating bank.
This question was answered on 16th October 2015
The Government has established a criteria of eligibility for Help to Buy mortgages for participating banks to uphold. The responsibility of approving or rejecting a Help to Buy mortgage is given to participating banks.
There are currently two existing Help to Buy schemes; the Help to Buy: mortgage guarantee scheme and the Help to Buy: equity loan scheme. The eligibility criteria for each of these schemes can be found on the Help to Buy website: http://www.helptobuy.org.uk