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1458290

registered interest
date	19/04/2022
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Right to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what his timetable is for the Government's response to the evaluation of new pilot areas for the Voluntary Right to Buy scheme.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	155791
answer	answer is ministerial correction date of answer 27/04/2022 answer text <p>This Government remains committed to the Right to Buy and to spreading the dream of home ownership to even more people. The Midlands pilot of the Voluntary Right to Buy scheme completed in 2021 and an independent evaluation of the pilot was published. The Government is looking at the evaluation's findings, which will be used to inform future policy, and we will announce further details on the Voluntary Right to Buy in due course.</p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 27/04/2022 14:40:55 answering member 4032 label Biography information for Stuart Andrew
tabling member	4418 label Biography information for Justin Madders

1458425

registered interest
date	19/04/2022
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department will reassess the limit on the Help to Buy scheme to reflect current property valuations.
tabling member constituency	Stockport
tabling member printed	Navendu Mishra
uin	155937
answer	answer is ministerial correction date of answer 27/04/2022 answer text <p>In 2021 the new Help to Buy Equity Loan scheme introduced regional property price caps which set the maximum purchase price in each region. They are all set at 1.5 times the forecast regional average first-time buyer price, in line with the Office of Budget Responsibility’s house price inflation forecast for 2021/22, up to a maximum of £600,000 in London.</p><p>The caps were designed to support the purchase of properties that are more consistent with the wider first-time buyer market. This in turn helps optimise the resources available to enable purchasers to achieve the dream of home ownership. The Government has reviewed the caps and continue to be satisfied they allow good availability of first-time buyer type properties in each region. For customers who are not able to utilise the Help to Buy scheme, the Government has a range of other housing products. For more information see: <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ownyourhome.gov.uk%2F&amp;data=05%7C01%7CJames.Stacey%40levellingup.gov.uk%7C48facc9cc2f64a18b12b08da243a7a42%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637862130815256214%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=daQhCtLSa%2BFeWxpo6rouhgIk2wWO9aqNNFv0OocsZ1w%3D&amp;reserved=0" target="_blank">https://www.ownyourhome.gov.uk/</a></p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 27/04/2022 14:42:08 answering member 4032 label Biography information for Stuart Andrew
tabling member	4811 label Biography information for Navendu Mishra

1457289

registered interest
date	14/04/2022
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the potential impact of changes in the rate of inflation on homeowners on the Help to Buy Equity Loan scheme.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	154236
answer	answer is ministerial correction date of answer 21/04/2022 answer text <p>The changes in the rate of inflation and the impact this will have on homeowners is of great importance. Help to Buy customers pay no interest for the first five years of their loan. Interest fees that begin in year 6 start at 1.75% and increase each year by CPI + 2%. Affordability assessments are carried out by both the main mortgage provider and our Help to Buy Agents at the outset of the loans. These checks assess and stress-test the borrower’s long-term ability to meet their mortgage repayments and future fee payments. We are, however, monitoring the situation closely and will continue working with Homes England ensure we have the correct policies in place to support homeowners.</p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 21/04/2022 16:39:09 answering member 4032 label Biography information for Stuart Andrew
tabling member	4518 label Biography information for Tulip Siddiq

1457411

registered interest
date	14/04/2022
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, for what reason a Help to Buy ISA cannot redeem its discount benefit against existing property, only new build properties; and if he would consider amending that condition in response to the starter home building rate in York.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	154173
answer	answer is ministerial correction date of answer 21/04/2022 answer text <p>The Help to Buy ISA can be used to purchase both new build and second hand properties. The Help to Buy: Equity Loan scheme, however, is only available on new build homes and has property price caps which set the maximum purchase price in each region. The reason the equity loan is only available on new build homes is that a key objective of the scheme is to increase housing supply. Making the scheme available on older homes would not have the same supply impact. Further, the Government has reviewed the Help to Buy price caps and continue to be satisfied they allow good availability of first-time buyer type properties in each region. Therefore, there are no plans to amend the scheme rules. For customers who are not able to utilise the Help to Buy scheme, the Government has a range of other housing products to support people into homeownership such as First Homes and the mortgage guarantee scheme.</p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 21/04/2022 16:38:12 answering member 4032 label Biography information for Stuart Andrew
tabling member	4471 label Biography information for Rachael Maskell

1458037

registered interest
date	14/04/2022
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Walls and Fences: Surveying
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment his Department has made of the (a) average cost of appointing a surveyor for the purposes of drawing up a party wall award and (b) extent to which this cost prohibits homeowners in settling disputes.
tabling member constituency	Twickenham
tabling member printed	Munira Wilson
uin	154430
answer	answer is ministerial correction date of answer 21/04/2022 answer text <p>Any surveyor appointed under section 10 of the Party Wall Act 1996 is undertaking a statutory role. In all cases, surveyors appointed or selected under the dispute resolution procedure of the Act must consider the interests and rights of both owners and draw up an award impartially.</p><p>The Department has not carried out an assessment of the average cost of appointing a surveyor for the purposes of drawing up a party wall award. The Act provides for surveyors to be paid the reasonable costs of drawing up an award. However, if the owner or the adjoining owner feels that a surveyor’s costs are unreasonable they may ask for a breakdown of costs, e.g. the hourly rate and number of hours of time being charged for.</p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 21/04/2022 16:40:15 answering member 4032 label Biography information for Stuart Andrew
tabling member	4776 label Biography information for Munira Wilson