§ Sir Trevor SkeetTo ask the Secretary of State for the Environment what conditions have been set for the transfer of housing stock to the Bedfordshire Pilgrims housing association; and, specifically, what percentage has been earmarked for the repayment of debt.
§ Mr. Michael SpicerI am sending to my hon. Friend a copy of the letter of consent issued to North Bedfordshire borough council and placing a copy in the Library.
In line with our general policy on the use of receipts from large-scale voluntary transfers of council housing, the council was directed to set aside for debt redemption the greater of: 75 per cent. of the receipt or an amount equivalent to the outstanding debt on the housing transferred.