Shared Ownership

Ministry of Housing, Communities and Local Government written question – answered on 22nd July 2019.

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Photo of David Davis David Davis Conservative, Haltemprice and Howden

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.

Photo of Kit Malthouse Kit Malthouse Minister of State (Housing, Communities and Local Government)

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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