To ask the Secretary of State for Communities and Local Government (1) how many properties were (a) bought and (b) part-bought in (i) the Peterborough city council area and (ii) Peterborough constituency under the Government's Homebuy scheme in each year since 2001; and if she will make a statement; (144065)

The following table shows the total number of properties purchased under low cost home ownership schemes in each of the last five years for the area covered by Peterborough city council. This information is not held on a constituency basis.

The shared ownership schemes (currently known as New Build HomeBuy) have allowed applicants buy a share of a property (from 25 per cent. to 75 per cent.) and pay rent to a housing association on the remaining share which they do not own.

The shared equity schemes (currently known as Open Market HomeBuy) have enabled people to buy a property on the open market with the help of equity loans. Under the current scheme purchasers buy the property outright, but only need to raise around 75 per cent. of the purchase price of their home from a conventional mortgage. The balance is made up by two equity loans, each of around 12.5 per cent. of the purchase price. One loan comes from Government through a HomeBuy Agent and the other comes from one of four mortgage lenders participating in the HomeBuy scheme. For the remainder of 2007-08, we are expanding the range of Open Market HomeBuy products. From 23 July we are offering a new 17.5 per cent. Government equity loan which purchasers will be able to use more flexibly as a deposit and take to any lender on the open market. This will complement the existing products and offer greater choice to purchasers.

The following table shows the total affordable housing in Peterborough including homes for both affordable rent and low cost home ownership (as detailed in the previous table) that have been provided either through new build or acquisition and refurbishment.