Perhaps I may add to the point made by my noble friend. Many of the abuses will indeed be made if not by the mortgage principle then by continuing the discount in perpetuity. Can the Minister tell us why she thinks, if the discount in perpetuity were to apply, that would disadvantage first-time buyers in the future: those who bought the first time round, the second time round or the third time round? The only people it would disadvantage are those who seek to pocket a profit.
Housing and Planning Bill
Proceeding contribution from
Baroness Hollis of Heigham
(Labour)
in the House of Lords on Thursday, 3 March 2016.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Housing and Planning Bill.
Type
Proceeding contribution
Reference
769 c972 
Session
2015-16
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2016-03-09 16:23:55 +0000
URI
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