This first release of official statistics about the Help to Buy: NewBuy scheme (formerly known as ‘NewBuy’) was released under the auspices of the UK Statistics Authority’s code of practice on 27 September 2012.
Statistics on the Help to Buy: NewBuy scheme cover quarterly and cumulative data for England up to 30 June 2012.
This release sets out:
- total completions (number of properties purchased under the scheme)
- contingent liability (the maximum possible cost to government as a result of government’s provision of a guarantee corresponding to these completions)
- total costs (the amount spent by government to date in payment of claims made by mortgage lenders against this guarantee)