Vol. 420 No. 4
144 Mr. Creed asked the Minister for the Environment if he will outline the specific incentives which are available to local authority tenants who are willing to surrender their local authority houses and build private accommodation for themselves.
A number of incentives are available as follows:
(a) the mortgage allowance of £3,300 payable over the first five years (in cases of a mortgage of £10,000 or more;
(b) the "special category" local authority loan up to a maximum of £25,000 for an annuity loan or £27,000 for an income-related or convertible loan;
(c) the shared ownership system;
(d) the sale of sites scheme under which local authorities can dispose of housing sites to enable persons in need of housing to provide their own housing either individually or by way of a co-operative or a voluntary housing organisation;
(e) the £2,000 new house grant where the tenant is purchasing or building a new house (subject to the usual conditions).
The shared ownership system and the mortgage allowance are not available together.
