Shared Ownership

(asked on 16th July 2019) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential merits of the shared ownership model for housing development.


Answered by
Kit Malthouse Portrait
Kit Malthouse
This question was answered on 22nd July 2019

Between 2010-11 and 2017-18, around 65,000 new Shared Ownership homes have been delivered.

We believe that shared ownership has an important role to play, as part of a diverse and thriving housing market, supporting mixed developments and helping those who aspire to home ownership but may be otherwise unable to afford it. The combination of rent and mortgage will often be lower than the cost of outright purchase and in many areas lower than the cost of private renting.

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