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Written question asked by Lord Gove (Conservative) on Thursday, 7 June 2007, in the House of Commons. It was due for an answer on Monday, 11 June 2007. It was answered by Ed Balls (Labour) on Wednesday, 13 June 2007 on behalf of the Treasury.


Leasehold

Question
To ask the Chancellor of the Exchequer what plans there are to bring lifetime leases under the regulation of the Financial Services Authority; and if he will make a statement.
Answer

There are no plans to bring lifetime leases within the scope of FSA regulation.The regulatory treatment of lifetime leases was addressed in the Government’s response to the March 2006 consultation document, ““Secondary legislation for the regulation of home reversion and home purchase plans””. The Government response to that consultation is available at:"http://www.hm-treasury.gov.uk./media/880/39/responses_homereversion_130906.pdf"


Secondary information

Type
Written question
Reference
142175; 461 c1119W
Session
2006-07
Subjects
Leasehold Regulation
Link
View this Written question on www.publications.parliament.uk