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<p>The Government is committed to making the aspiration of home ownership a reality for as many households as possible. The Government wants current and future generations to experience the benefits of owning their own home, in the same way</p><p><?notus-xml column=622?></p><p>their parents were able to. Since the financial crisis, larger deposit requirements and falling equity values mean many credit-worthy households cannot get a mortgage, or are trapped in their existing homes unable to take the next step.</p><p>Budget 2013 announced the Help to Buy: mortgage guarantee scheme to increase the supply of low-deposit mortgages for credit-worthy households.</p><p>The Help to Buy: mortgage guarantee scheme rules do not prevent lenders from using the guarantee to support mortgages on empty or boarded up properties, provided these meet the scheme's eligibility criteria.</p><p>Decisions concerning the availability of mortgages, including the types of properties lenders offer mortgages against, remain commercial decisions for individual lenders participating in the scheme.</p> |