Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Housing: Low Incomes

Communities and Local Government written question – answered on 11th June 2009.

Alert me about debates like this

Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Secretary of State for Communities and Local Government pursuant to the answer of 8 May 2009, Official Report, columns 447-48W on housing: low incomes, what the average percentage equity stake purchased by a buyer has been in each year in which each of the schemes has been operational.

Photo of Ian Austin Ian Austin Minister of State (Regional Affairs) (West Midlands), The Parliamentary Under-Secretary of State for Communities and Local Government

The following table shows the initial average percentage equity stake purchased by a buyer in each year since each scheme has been operational.

Percentage
Product 2006-07 2007-08 2008-09
Social HomeBuy 85 89 84
Open Market HomeBuy 78 85 68
MyChoice HomeBuy n/a n/a 65
Own Home n/a n/a 65
First Time Buyers Initiative 53 53 56
Source:

Homes and Communities Agency's Information Management System.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.