§ Mr. Stanleyasked the Secretary of State for the Environment what steps he is taking to encourage building societies to advance mortgages to those buying their homes in 50:50 schemes or in other shared equity schemes for house purchase.
§ Mr. FreesonThe Building Societies Association has already expressed support for the pilot programme of equity sharing schemes being undertaken by housing associations. It is also considering the possibility of mortgage schemes for local authority equity sharing arrangements.