To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of extending the Mortgage Guarantee Scheme for new mortgage applications to after 31 December 2022.

The Government continues to keep policy under review, and remains committed to supporting people of all incomes and at all stages of life to making the aspiration of home ownership a reality for as many households as possible.

The Mortgage Guarantee Scheme – launched in April 2021 – continues to support homebuyers and movers with deposits as small as 5%. To date, the scheme has directly helped over 24,000 households to buy their homes, 85% of which have been by first-time buyers.