Oral Answers to Questions Debate
Full Debate: Read Full DebateDavid Hanson
Main Page: David Hanson (Labour - Delyn)Department Debates - View all David Hanson's debates with the Department for Levelling Up, Housing & Communities
(5 years, 4 months ago)
Commons ChamberI hope that the hon. Gentleman will have the tribute framed. It would be very disappointing if he did not.
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.
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.