Rents-to-Mortgages Scheme

Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 12th June 1991.

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Photo of Tim Yeo Tim Yeo Parliamentary Under-Secretary (Department of Environment) 12:00 am, 12th June 1991

The hon. Gentleman's grasp of housing issues is tenuous at the best of times, but this time he has allowed his prejudices to submerge his intelligence to an even greater extent than usual. It has obviously not occurred to him that the whole purpose of the rents-to-mortgages scheme is to avoid the circumstances in which tenants are tempted to enter into commitments that they cannot afford. The scheme will allow a tenant to purchase a share of his property, without increasing his weekly outgoings, by substituting for his weekly rental payment a weekly mortgage payment.