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Housing

Communities and Local Government written question – answered on 18th July 2013.

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Photo of Bridget Phillipson Bridget Phillipson Labour, Houghton and Sunderland South

To ask the Secretary of State for Communities and Local Government what assessment he has made of the potential of home purchase plans to provide alternative routes into home ownership.

Photo of Mark Prisk Mark Prisk The Minister for Housing

We support innovation in the development of home purchase plans, including Sharia-compliant mortgages. This country is in the forefront of Sharia-compliant mortgages, rating at the upper end of Western countries in Sharia-compliant assets. Other forms of home purchase plans are at too early a stage of development to allow a full assessment of their potential.

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