Mortgages: Government Assistance
Communities and Local Government

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Photo of Jack Dromey

Jack Dromey (Birmingham, Erdington, Labour)

To ask the Secretary of State for Communities and Local Government how many (a) lenders and (b) housebuilders have signed up to the Government's NewBuy scheme; how many are not members of the Home Builders Federation; and what targets have been set for the number to sign up by the end of 2012.

Photo of Grant Shapps

Grant Shapps (Minister of State (Housing and Local Government), Communities and Local Government; Welwyn Hatfield, Conservative)

As of 13 June 2012 five lenders (Barclays, Halifax, Nationwide, NatWest and Santander) and 13 builders (Barratt, Bellway, Berkeley, Bloor, Bovis, CALA, Crest Nicholson, Fairview, Linden, Morris, Persimmon, Redrow, and Taylor Wimpey) were operational—which is to say able to conduct business transactions—under the NewBuy Guarantee scheme, ensuring coverage of 73% of the mortgage market. One of those builders is not a member of the Home Builders Federation.

No targets have been set regarding the number of builders participating in the scheme, though Government are working with partners to promote take-up.

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