Shared Ownership Schemes

Department for Communities and Local Government written question – answered on 28th October 2015.

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Photo of Tulip Siddiq Tulip Siddiq Labour, Hampstead and Kilburn

To ask the Secretary of State for Communities and Local Government, if he will take steps to make shared housing ownership schemes more accessible for buyers in (a) central London and (b) other areas with fast-rising house prices; and if he will make a statement.

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government)

The Government is committed to helping hard working people across the country to own their own home. We believe that shared ownership has an important role to play to help those who aspire to home ownership but may be otherwise unable to afford it, especially in London and other high value areas. We know there is an appetite among providers and developers to deliver more shared ownership. We are currently considering a range of ways in which shared ownership can be made more accessible to first time buyers and increase its attractiveness to lenders and investors.

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