Up to September, Help to Buy had already helped 44 households to complete their purchase of a new home in Plymouth. Across England, it has generated more than 18,000 reservations for new homes.
I thank my hon. Friend for that excellent reply. How does his Department propose to promote the Help to Buy initiative with those council and housing association tenants who qualify to buy their homes under Mrs Thatcher’s excellent right to buy scheme?
We have increased the discount available to those exercising their right to buy, and I am delighted with the results. Since April 2012, almost 13,500 families have been helped to buy their own home through the scheme. The level of discount assists potential buyers outside the Help to Buy scheme, which is designed to help those with lower deposits.
T10. Given that large numbers of local authorities, such as Plymouth city council, have transferred their housing stock to housing associations, how does my hon. Friend the Minister propose to make those housing associations more accountable to their tenants rather than just being answerable to their board and to the Homes and Communities Agency?
We have done it already. In the Localism Act 2011, we changed how housing associations were regulated, giving back power to tenants to hold their landlords to account.