Levelling Up Committee launches inquiry on shared ownership
Posted 20.07.23
UK Parliament: Further reading
The Levelling Up, Housing and Communities (LUHC) Committee has launched an inquiry into the two available low-cost shared home ownership schemes in England.
The shared ownership model enables people to buy a share a property, usually from a Housing Association, and pay subsidised rent on the rest.
Shared ownership requires a smaller deposit and mortgage, making it a more affordable route into home ownership.
The Committee's inquiry will examine the challenges associated with shared home ownership schemes, including barriers to achieving full home ownership.
It is also likely to explore challenges around reselling, affordability issues - such as service charges and maintenance responsibilities, and questions around mortgage availability.
*****
Return to this month's headlines
KEEP UP-TO-DATE WITH ISSUES AFFECTING THE SOCIAL AND AFFORDABLE HOUSING SECTORS
NEWS AND VIEWS REPORTED IN BRIEF SUMMARY FORMAT, WITH LINKS FOR FURTHER READING
RECOGNISABLE CATEGORY SECTIONS FOR EASY ACCESS
AN ESSENTIAL FREE RESOURCE FOR ANYONE WITH A BUSY SCHEDULE
EDITED BY MIKE SKILTON
CLICK ON THE SECTIONS BELOW FOR ALL CURRENT POSTS - OR THOSE FOR SELECTED PAST MONTHS
