Mortgages: Government Assistance

Communities and Local Government written question – answered on 11th March 2009.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury)

To ask the Secretary of State for Communities and Local Government what estimate she has made of the cost to the public purse of the Homeowner Mortgage Support Scheme in each of the next two years.

Photo of Margaret Beckett Margaret Beckett Minister of State (Department of Communities and Local Government) (Housing)

We are currently working with lenders to agree the Master Guarantee for the Homeowner Mortgage Support Scheme, which we expect to be open for business with the first lenders in April. We will publish a full impact assessment when the Master Guarantee Deed has been finalised.

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