Shared Equity Ownership

Communities and Local Government written question – answered on 20th May 2008.

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Photo of Helen Southworth Helen Southworth Labour, Warrington South

To ask the Secretary of State for Communities and Local Government what her assessment is of the role of shared equity ownership in helping people to purchase their first homes.

Photo of Caroline Flint Caroline Flint Minister of State (Department of Communities and Local Government) (Housing)

The Government's Low Cost Home Ownership scheme 'HomeBuy' which is based on equity sharing has helped over 35,000 people between 2006-08. The range of products available under the scheme have helped to make home ownership affordable to first time buyers, and enabled purchasers get a foot on the property ladder.

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