Written question asked by Baroness King of Bow (Labour) on Tuesday, 27 January 2004, in the House of Commons. It was due for an answer on Monday, 2 February 2004. It was answered by Keith Hill (Labour) on Monday, 2 February 2004 on behalf of the Office of the Deputy Prime Minister.

Office of the Deputy Prime Minister

Question: To ask the Deputy Prime Minister, what assessment he has made since the report of the Home Ownership Task Force of introducing (a) low tranche (below 25 per cent.) shared ownership schemes and (b) lower tranche (below 75 per cent.) Homebuy schemes.

Answer: Ms Oona King: To ask the Deputy Prime Minister what assessment he has made since the report of the Home Ownership Task Force of introducing (a) low tranche (below 25 per cent.) shared ownership schemes and (b) lower tranche (below 75 per cent.) Homebuy schemes. [152020] Keith Hill: The Home Ownership Task Force, which reported on 13 November, has proposed 45 recommendations to assist in the delivery of affordable housing. The recommendations included allowing shared owners to purchase further shares in 10 per cent. tranches (rather than the current 25 per cent.) and the introduction of variable equity loans for the Homebuy scheme. The Office of the Deputy Prime Minister is considering these and other Task Force's recommendations in detail and will respond in the near future.

Secondary information

Type: Written question
Reference: 417 c739W; 152020
Session: 2003-04
Subjects: Low incomes Owner occupation Home ownership incentive schemes Home Ownership Task Force
Link: View this Written question on www.publications.parliament.uk