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Description

The data in this data set was provided by HM Treasury and details mortgage completions on properties supported by Help to Buy: mortgage guarantee completions, by local authority, England. The data set covers the period 8 October 2013 to 30 June 2014. The Help to Buy: mortgage guarantee scheme opened on 8 October 2013 and is available across the United Kingdom. Under the scheme the government offers lenders the option to purchase a guarantee on mortgage loans where the borrower has a deposit of between 5% and 20%. The scheme can be used for mortgages on both new build and existing homes, by first time buyers, home movers and those remortgaging. In order to qualify for a loan supported by the Help to Buy: mortgage guarantee, there are a number of eligibility criteria which are set out in the scheme rules. The guarantee compensates participating mortgage lenders for a portion of net losses suffered in the event of repossession. The guarantee applies down to 80% of the purchase value of the guaranteed property covering 95% of these net losses. The lender therefore retains a 5% risk in the portion of losses covered by the guarantee. This ensures that the lender retains some risk in every mortgage originated. For example, the scheme is not available on buy-to-let mortgages or second homes, and the property value must be £600,000 or less. Over the life of the scheme the government will make available up to £12 billion of guarantees, which is sufficient to support up to £130 billion of high loan-to-value (LTV) mortgages. For further information see [Help to Buy: mortgage guarantee scheme Quarterly Statistics](https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/349540/help_to_buy_mortgage_guarantee_quarterly_statistics_020914.pdf).

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General Information

• This data is described at

  http://data.gov.uk/dataset/help-to-buy-mortgage-guarantee-scheme-completions-by-postcode-district Do you think this data is incorrect? Let us know

• This data is published by

  Department for Communities and Local Government Do you think this data is incorrect? Let us know

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Legal Information

• This data was

  originally created or generated by its curator Do you think this data is incorrect? Let us know

• The rights statement is at

  http://data.gov.uk/dataset/help-to-buy-mortgage-guarantee-scheme-completions-by-postcode-district Do you think this data is incorrect? Let us know

• This data is available under

  UK Open Government Licence Do you think this data is incorrect? Let us know

• There are

  yes, and the rights are all held by the same person or organisation Do you think this data is incorrect? Let us know

• The content is available under

  UK Open Government Licence Do you think this data is incorrect? Let us know

• This data contains

  no data about individuals Do you think this data is incorrect? Let us know

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Practical Information

• The data appears in this collection

  http://data.gov.uk Do you think this data is incorrect? Let us know

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Technical Information

• This data is

  machine-readable Do you think this data is incorrect? Let us know

• The format of this data is

  a standard open format Do you think this data is incorrect? Let us know

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