Written evidence to be reported to the House
Housing and Regeneration Bill
6:45 pm
Andrew Heywood: Having said that, the CML has worked closely with the Government on the shared equity retail schemes. Without wanting to go into a lot of detail, and to digress too far, there have been problems with take-up of those schemes. Those problems tend to centre on the degree to which the schemes are straightforward and comprehensible—from the point of view of lenders training up staff to undertake very low-volume work, and the degree to which they are attractive to and comprehended by buyers. It would be fair to say that there have been problems on both those counts. We have made suggestions to the Government, but I am not sure that those problems could be easily addressed within a public Bill of this sort, to be quite honest.