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Repossession Orders

Volume 481: debated on Monday 27 October 2008

To ask the Chancellor of the Exchequer if he will make it his policy to take possession of houses and flats on which mortgage-holders with Northern Rock and Bradford and Bingley have defaulted and allocate the properties to those on the waiting list for social housing. (228232)

Northern Rock and Bradford and Bingley are run at arm’s length from the Government, on commercial principles. The Government have made increasing the provision of social housing a priority in successive Spending Reviews. In England, the Government are investing £8 billion over the next three years in affordable housing—a 50 per cent. increase over the last three years.