Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the cost has been to the public purse of the Help to Buy ISA policy since the introduction of that scheme.

The Treasury is responsible for the Help to Buy: ISA and mortgage guarantee schemes; the Department for Communities and Local Government have responsibility for the Help to Buy: Equity Loan scheme.

Both Department’s routinely publishes information on the take-up and the total value of support provided through the Help to Buy schemes.

From the introduction of the Help to Buy: ISA on 1 December 2015 to 31 March 2017, the total value of bonuses paid was £54m. Further information is available at: https://www.gov.uk/government/collections/official-statistics-on-the-help-to-buy-isa-scheme

Between the launch of the Help to Buy: Equity Loan scheme on 1 April 2013 to 31 March 2017, the total value of equity loans provided through scheme was £5.86bn. Further information is available at: https://help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2017

The Help to Buy: mortgage guarantee scheme was designed to be self-financing through the commercial fee that lenders paid for the provision of the Government guarantee. The fee was set to cover the administration cost, the cost of capital of providing the guarantee and expected losses from loans guaranteed under the scheme. Further information is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621112/H2B_MGS_Official_Statistics_Publication_June_17.pdf