HC Deb 05 February 1992 vol 203 c212W
Mr. Soley

To ask the Secretary of State for Scotland what has been the total cost to date of setting up, publicising and administering the flexi-ownership or rents into mortgage schemes in Scotland; and how many tenants have so far acquired part-ownership of their homes under this scheme.

Lord James Douglas-Hamilton

[holding answer 3 February 1992]: Since the introduction of the pilot rent-to-mortgage scheme, the cost of setting up, publicising and administering the scheme is estimated at around £788,000. A total of 264 sales had been completed by the end of 1991, resulting in additional receipts of £2,467,000. Tenants purchasing under the scheme become owners with full title to the property from the completion of the sale.

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