Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if her Department will make an assessment of the adequacy of mechanisms for homeowners to seek recourse when land held by the Duchy of Cornwall reverts to Duchy ownership following the insolvency of housing developers.

Homeowners will have such rights of recourse against insolvent corporate developers as exist under the corporate insolvency regime. The Duchy’s policy is to give an appropriate person or body the opportunity to purchase the property formerly owned by insolvent housing developers. Interested parties may also have the right to apply to Court for a vesting order under a variety of routes (the Trustee Act, Law of Property Act or Companies Act for example).

For communal or shared land, the Duchy co-operates to see the land is disposed of to interested parties directly or via a vesting order.