§ Mr. O'Hara
To ask the Secretary of State for the Environment what was the average value of properties sold to tenants under the pilot rents-to-mortgages schemes in Basildon and Milton Keynes; what was the average initial payment made by tenants under the schemes; and what proportion of sales have been flats.
§ Mr. Baldry
Most of the houses sold in Milton Keynes were worth £40,000 to £50,000; in Basildon, most were worth over £50,000. Information on the initial payment made is at present available only for Milton Keynes, where more than half the tenants paid between £15,000 and £20,000. Four out of the 103 properties sold have been flats.