Leasehold Properties: Mis-selling

Part of Housing, Communities and Local Government – in the House of Commons on 22nd July 2019.

Alert me about debates like this

Photo of James Brokenshire James Brokenshire The Secretary of State for Housing, Communities and Local Government

No, I do not accept that. I direct the right hon. Gentleman to the action that has been taken and the fall that has been seen: the proportion of new build leasehold houses has fallen from 11% in quarter 4 of 2017 to 2% in quarter 4 of 2018, which was the lowest quarter so far for leasehold houses in the Help to Buy equity loan scheme. The right hon. Gentleman issues a challenge on the existing Help to Buy scheme; he will have noted that I have asked Homes England to look into how we can renegotiate some of those contracts, because I was clear that there should be no new Government funding for schemes that promote leasehold, and that remains a firm commitment. Equally, we are taking action on the scheme now to confront some of the abuses that there are.