Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of extending the mortgage guarantee scheme beyond 30 June 2025.

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.

We committed in our manifesto to introduce a permanent and comprehensive mortgage guarantee scheme to help buyers who struggle to save for a large deposit. At Autumn Budget 2024, the Chancellor confirmed our intention to introduce this scheme.

We will announce further details of this scheme in due course.