Leasehold Properties: Building Insurance
Debate between Lord Blunkett and Lord Evans of Rainow
Lord Evans of Rainow (Con)
I hope that the noble Baroness heard from my previous answers that that is exactly what the Government intend to do.
Lord Blunkett (Lab)
My Lords, will the Minister approach the Association of British Insurers about the problem faced by first-time buyers, particularly in London? Despite the Thames Barrier, insurers are reluctant to provide protection and provision for young people buying houses quite a way from the Thames. This is going to be a major problem as interest rates rise still further.
Lord Evans of Rainow (Con)
Yes, we are very happy to engage on that point regarding first-time buyers looking to buy houses in the London area.