[holding answer 11 February 2009]: The Government have made no assessment of the number of households with shared appreciation mortgages which are presently in negative equity.
I refer the hon. Member to the answer given to the hon. Member for Hazel Grove (Andrew Stunell) on 4 July 2005, Official Report, column 90W. Treasury Ministers have received written representations on shared appreciation mortgages from a number of individuals and from the Shared Appreciation Mortgage Action Group.
The Government understand the concerns of people who purchased shared appreciation mortgages in the mid-1990s. However, to date no evidence of mis-selling has been found by the Financial Ombudsman Service.