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Mortgages: Government Assistance

Volume 508: debated on Wednesday 24 March 2010

To ask the Secretary of State for Communities and Local Government (1) how much funding his Department allocated under the Mortgage Rescue scheme in each region for the spending period 2008-11; (324144)

(2) how much funding his Department allocated under the Mortgage Rescue scheme in each region in (a) 2008-09 and (b) 2009-10; and how much such funding has been allocated for (i) 2010-11 and (ii) 2011-12;

(3) how much funding the Homes and Communities Agency allocated for the Mortgage Rescue Scheme in the spending period 2008-11;

(4) what estimate he has made for the purposes of the allocation of regional funding by the Homes and Communities Agency of the number of households likely to accept offers on their homes under the Mortgage Rescue scheme in (a) 2010-11 and (b) the spending period 2008-11;

(5) what proportion of the Mortgage Rescue Scheme budget has been (a) allocated and (b) spent to date.

The Mortgage Rescue Scheme is demand-led and targeted at the most vulnerable households. The scheme's financial framework allows for flexibility to direct the available resources to those areas with the greatest demand. This is kept under review based on scheme data published each quarter. The Homes and Communities Agency will report spend through the scheme in the normal way in their annual report for 2009-10.

To ask the Secretary of State for Communities and Local Government what the average cost to a household of accepting an offer under the Mortgage Rescue Scheme has been since the scheme's inception; and if he will make a statement. (324155)

The Homes and Communities Agency will report spend through the Mortgage Rescue Scheme in the normal way in their annual report for 2009-10.