Mortgage Guarantee Scheme Quarterly Statistics

HM Treasury has this morning published data on the Mortgage Guarantee Scheme. It shows there were 56,389 mortgage completions from scheme launch on 19 April 2021 to the end of March 2025, which represents 1.4% of all residential mortgage completions in the UK from the beginning of April 2021 to the end of March 2025. It adds that, since the last statistical release, there have been an additional 3,180 completions under the scheme from January until the end of March 2025. The total value of the guarantees under the scheme is £1.7 billion while the overall value of loans supported by the scheme is £11.5 billion. These mortgages were used to finance properties worth £12.2 billion in total.. Any thoughts, send them across ASAP as it's BREAKING.