Oral Answers to Questions Debate
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Lord Hanson of Flint
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Oral Answers to Questions
Lord Hanson of Flint Excerpts(6 years 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.