Housing: Serviced Plots

Lord Bassam of Brighton Excerpts

Wednesday 12th December 2018 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, I thank the noble Lord very much indeed for the invitation. I am very keen to visit. I am due to go to the north-west for some faith visits, and I will see if I can visit on that occasion.

[Lord Bassam of Brighton (Lab)]

My Lords, picking up the point made by the noble Lord, Lord Kennedy, will the Minister give consideration to the Government encouraging local authorities to enter the mortgage market again? Back in the 1980s, some 15% of all mortgages nationally were given out through local authorities. That proved a viable and sensible way of encouraging low-income home ownership.

[Lord Bourne of Aberystwyth]

My Lords, we are very keen and willing to look at any area that opens up finance for this sector, so I certainly do not rule that out. We are, as I say, actively pursuing this matter with building societies and with banks, and they are responding, but I will take the noble Lord’s suggestion back, if I may.