Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what take-up there has been of the Mortgage Guarantee Scheme since July 2025 and how take-up compares with the predecessor scheme.

The new Mortgage Guarantee Scheme 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.

The Scheme launched in July 2025 and will now remain permanently available to lenders. Properties of any value are eligible for the mortgage guarantee, and the scheme is available in all regions of the UK.