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Volume 455: debated on Tuesday 16 January 2007

To ask the Secretary of State for Northern Ireland if he will increase the co-ownership housing support limit for first time buyers to reflect the house price rises in Northern Ireland. (115600)

The value limits which apply to the co-ownership scheme were increased in April 2006, and again at the beginning of October, to reflect house price inflation. The Northern Ireland Co-ownership Housing Association has also been given the flexibility to operate outside the value limits in cases, subject to departmental approval, where there are valid reasons for doing so. The issue of price limits will be considered again in the spring in the context of the annual price limits review and the recommendations of the Independent Review into Housing Affordability.