§ Ms Oona KingTo ask the Deputy Prime Minister what the total amount of capital receipts from shared owners staircasing up their equity share was in each year since 1997. [185258]
§ Keith HillThe following table shows the total amount of capital receipts from shared owners staircasing up their equity share in each year since 1997.
324W
Recycled capital grant fund (RCGF) shared ownership staircasing analysis Number of units involved Amount (£ million) 1997–98 1,913 26.144 1998–99 2,043 28.287 1999–2000 3,321 52.223 2000–01 3,210 49.394 2001–02 3,603 58.828 2002–03 4,554 79.986 Total 18,644 294.862
§ Ms Oona KingTo ask the Deputy Prime Minister pursuant to his answer of 5 July 2004, Official Report, columns 458–59W, on shared ownership housing, what the average rent and service charge was on the 50 per cent. stake held by the registered social landlord in a(a) one-bed, (b) two-bed and (c) three-bed shared ownership property in (i) Tower Hamlets, (ii) the eastern sub-region, (iii) London and (iv) England in the latest year for which figures are available. [185254]
§ Keith HillThe following table shows the average rent and service charges for shared ownership properties where a 50 per cent. stake is held by the registered social landlord, broken down by the number of bedrooms, in Tower Hamlets, the east London sub-region, London and England in 2003–04.
Shared ownership sales during 2003–04 Average monthly rent and service charges for those who purchased a 50 per cent. stake Number of sales Monthly rent (£) Monthly service charge (£) One bedroom Tower Hamlets 7 123.90 38.11 East London 27 151.15 57.43 London 165 155.55 58.66 England 339 139.83 50.30 Two bedrooms Tower Hamlets 5 209.84 51.36 East London 120 198.01 53.30 London 331 189.36 49.47 England 1,420 142.50 34.26 Three bedrooms Tower Hamlets 2 164.30 0.00 East London 39 201.63 26.88 London 89 197.24 25.16 England 682 152.79 19.27 Because the buyer took a 50 per cent. stake, the average price paid by the buyer represents one-half of the property.
The figures include the following schemes:
Do-It-Yourself Shared Ownership, Shared Ownership for the Elderly, Leasehold Schemes for the Elderly, Ordinary Shared Ownership Schemes
East London sub-region 1 is an amalgamation of Barking and Dagenham, Havering, Hackney, Newham, Tower Hamlets, Redbridge, Waltham Forest
Source:
Housing Corporation, CORE Sales
325W