Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the mean average value of a property purchased under the Mortgage Guarantee Scheme; and what assessment she has made of the potential impact of the eligibility criteria for that scheme on first-time buyers in Essex.

The Mortgage Guarantee Scheme is designed to support and sustain the availability of low deposit mortgage products for first-time buyers and home movers with a deposit as small as 5%.

All property types of any value are eligible, and the Scheme will now remain permanently available to lenders in all regions of the UK.