This release covers activity under the scheme from commencement on 12 March 2012 until 31 March 2013.
This release covers activity under the scheme from commencement on 12 March 2012 until 31 March 2013, representing the first full year since scheme launch. It covers an unusually extended first quarter, including the period from launch until 31 March 2012 when no transactions were completed under the scheme.
The main points were:
- by 31 March 2013 2,291 home purchases had been completed under the NewBuy Guarantee scheme in England
- by 31 March 2013 the Government’s liability had increased to £23.1 million
- by 31 March 2013 the Government had incurred no costs.
The next release will include activity to 30 June 2013, and will be published approximately Summer 2013.