[Mr James Gray in the Chair] — First-time Buyers

Part of the debate – in Westminster Hall at 9:30 am on 14th March 2012.

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Photo of Stephen Lloyd Stephen Lloyd Liberal Democrat, Eastbourne 9:30 am, 14th March 2012

My hon. Friend is making an important point because there have been one or two concerns about that issue. Will he confirm that the Financial Services Authority will be watching this extremely closely? The scheme has been through a rigorous regulatory route, and there should be no concerns about comparisons with some of the sub-prime activity.