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. (261506)

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.

To ask the Secretary of State for Communities and Local Government what progress has been made on the implementation of the Homeowner Mortgage Support Scheme; and if she will make a statement. (261599)

We are making good progress on the implementation of the Homeowner Mortgage Support scheme and expect the scheme to be open for business with the first lenders in April now that the Banking Act, which is the legislative vehicle we have used to enable us to do this, has gained Royal Assent (12 February). We are now working with a wider group of lenders to finalise the scheme implementation plans and agree the draft Master Guarantee.