Lord Jamieson (Con)

I thank noble Lords who have contributed to this debate. As ever, I am in awe of my noble friend Lord Young of Cookham’s vast knowledge and the amount of work that he has done on this. I also appreciate the noble Baroness, Lady Thornhill, who has also raised this issue many times. I think there is universal acceptance on this side of the Committee that something needs to be done. It is a little bit more fundamental than looking at the “customer experience”, which, if I may say so, feels like a glib marketing throwaway, although I know the Minister does not mean it as that. The purpose of these amendments has been to explore whether the current arrangements are delivering. Quite clearly, we have the National Audit Office and so forth saying that they are not delivering. I do not think that we can be satisfied with, “We are looking at it”; I think this needs a fundamental review. The Minister said that it is a widely understood scheme. I think conceptually it is widely understood, but I do not think that the consequences of being a shared owner, particularly of a flat, are widely understood. The potential financial ramifications, where the risk lies and the risk-sharing between the equity owner and the landlord are not appreciated. I think many of the complaints that we have seen out of this are because people did not understand what they were letting themselves in for, particularly for flats. I press the Minister to think again between now and Report and to look at how we can formally come up with a thorough review that looks at all aspects of this. I would be interested to understand a bit more about what the Minister said about model clauses. Some model clauses and a thorough template are quite different. I would like to take up the Minister’s offer of discussions on this. This is an area where we need to make significant improvements because it is a real opportunity, when done right, to get people on the housing ladder, particularly, as the noble Baroness, Lady Thornhill, said, in more expensive areas, who otherwise may not have that opportunity, but that is going to work only if we have a scheme that works. With that, I beg leave to withdraw the amendment.