HC Deb 12 May 1992 vol 207 c56W
Mr. Harry Greenway

To ask the Secretary of State for the Environment how many council tenants he expects to convert rents into during the coming year; and if he make a statement.

Mr. Baldry

Rents to mortgages—RTM—will provide a valuable new low-risk route into owner-occupation, by allowing tenants to use the money they would otherwise have paid as rent to service a mortgage which gives them a stake in their own homes. At present the English pilot scheme for RTM is available only to new town tenants in Basildon, but we will legislate to extend it to local authority tenants.