Question to the Department for Levelling Up, Housing & Communities:

To ask His Majesty's Government what plans they have to relaunch the Help to Buy scheme.

The Help to Buy scheme was implemented to boost housing supply and help people into home ownership, which it has done very successfully. However, it was always going to be a time-limited intervention, hence the announcement at Budget 2018 that the current scheme would run from April 2021 until March 2023, thereby giving the market and potential customers plenty of notice.

The Government has brought forward a range of interventions in recent years to promote home ownership and will continue to keep other opportunities under review. Details of schemes including the First Homes, Mortgage Guarantee and Shared Ownership schemes can be found at: https://www.ownyourhome.gov.uk/.