HC Deb 19 June 2000 vol 352 cc12-3W
Mr. Redwood

To ask the Secretary of State for the Environment, Transport and the Regions what plans he has for schemes enabling tenants of social housing to convert their rents to mortgages. [126793]

Mr. Raynsford

There is already such a scheme called "Rent to Mortgage". It was introduced by the previous administration in 1993 and was publicised at a cost of £414,000. Yet to date there have only been 51 sales. INTERNATIONAL DEVELOPMENT Because of this lack of demand there are no plans to extend or expand such schemes.