§ Ms Oona KingTo ask the Deputy Prime Minister (1) what estimate he has made of the proportion of registered social landlords who set rents for shared ownership properties in the range of 3 to 3.5 per cent. of equity; [99177]
(2) what plans he has to require the Housing Corporation to (a) set benchmark rents for shared ownership properties and (b) monitor the performance of registered social landlords against these. [99178]
§ Mr. McNultyThe rent for a shared ownership property is a matter for the individual registered social landlord (RSL). The rent for new shared ownership schemes is dependent on a number of factors including levels of equity bought, development loans to be serviced by the association, sales receipts and consideration of what is affordable and marketable.
The Housing Corporation does not analyse the proportion of registered social landlords (RSLs) who set rents for shared ownership properties in the range of 3 to 3.5 per cent. of equity.
The Housing Corporation has agreed to lead a Task Force, to be chaired by Baroness Dean, which will look at existing programmes that support sustainable home ownership. Further details will be announced shortly.