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Sale of Student Loans Bill

My hon. Friend is right, although I do not want to get into leaseholds, which would further complicate the matter. In a long lease, ownership of the land has not transferred, but let us leave that aside. My hon. Friend is right indirectly to get me to say what I have not said hitherto: our property is freehold. There is a restriction on our use of it. Someone else has an element of control, to use the Minister's words, as to what we do with the property. However, everyone would say that we own the property and that the property has been transferred into our names.