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Homebuy Scheme

Volume 460: debated on Thursday 24 May 2007

To ask the Secretary of State for Communities and Local Government what the average cash value has been of the equity purchased by social tenants under Social Homebuy purchases. (129198)

The average cash value of the equity purchased by social tenants under the Social Homebuy pilot scheme is £117,125. This figure reflects that many of the early sales have involved tenants buying their home outright where they did not have a Right to Buy or Right to Acquire.