James Cartlidge – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by James Cartlidge on 2016-09-15.

To ask the Secretary of State for Communities and Local Government, what the total value was of all reclaimed equity loans in UK residential property where the holder was a government department in each of the last five years.

Gavin Barwell

The Homes and Communities Agency (HCA) operates and administers a number of current and past equity loan and equity share schemes for the Department for Communities and Local Government.

The HCA has received the following funds in redemption of equity loans in each of the last five years:

2011-12 £4.020 million

2012-13 £12.141 million

2013-14 £34.731 million

2014-15 £70.952 million

2015-16 £182.916 million

They include loans from several schemes: Help to Buy: Equity Loan, FirstBuy, HomeBuy Direct and First-Time Buyers’ Initiative.

The Ministry of Defence operated a scheme: Affordable Homes Ownership scheme (AFHOS) until March 2014. AFHOS receipts to date are:

Receipts during period 2011-15: £1.457 million

Receipts during financial year 2015-16: £1.896 million

The Scottish and Welsh Governments and the Northern Ireland Housing Executive also operate equity loan and equity share schemes for home ownership, on which they can provide information.