Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Lord Hanson of Flint
Main Page: Lord Hanson of Flint (Labour - Life peer)Department Debates - View all Lord Hanson of Flint's debates with the Ministry of Housing, Communities and Local Government
Oral Answers to Questions
Lord Hanson of Flint Excerpts(6 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
I hope that the hon. Gentleman will have the tribute framed. It would be very disappointing if he did not.
David Hanson (Delyn) (Lab)
What assessment has the Minister made of the number of people who have used Help to Buy who are now in negative equity because of leasehold reform? They cannot sell the properties and the price has fallen, so the taxpayer and the individual are hit.
Kit Malthouse
At this stage, there is no indication from the early returns on Help to Buy that the situation that the right hon. Gentleman raises is occurring. Indeed, early numbers show a higher level of successful redemption than we expected and we hope that that will continue.