Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the viability of introducing a UK-wide shared ownership rescue scheme to allow homeowners to part-buy and part-rent a home; and if he will make an assessment of the effect of such a scheme on the number of (a) homeowners in negative equity and (b) home repossessions.

The Government continually monitors the housing market, consults with the lending industry, and examines policy options for assisting homeowners. Arrears and repossessions remain near to historically low levels. The Government has no current plans to introduce a United Kingdom wide rescue scheme which will allow owner occupiers to part-buy and part-rent their existing home.