My Lords, the equity loan is not a discount. It is an equity loan. It is an entirely different mechanism. The discount gives an upfront reduction, whereas with an equity loan after five years you would have to start to repay it with interest. It is not comparing like with like. They are two different mechanisms.
Housing and Planning Bill
Proceeding contribution from
Baroness Williams of Trafford
(Conservative)
in the House of Lords on Tuesday, 8 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 c1277
Session
2015-16
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2016-04-12 14:21:57 +0100
URI
http://hansard.intranet.data.parliament.uk/Lords/2016-03-08/16030880000054
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