Shared vision

Shared ownership seems an obvious solution to the housing problems of people on low and middle incomes – so why does it remain on the margins?

A report out this week from Shelter looks at perceptions of and problems with the part rent-part buy tenure and ways that it could be reformed to take it into the mainstream.

In the process, it makes a pretty convincing case that the piecemeal, alphabet soup of government ownership schemes has done little to make housing more affordable for the squeezed middle and more to create confusion about the options available. In particular, it shows how shared ownership could make more homes in more places more affordable for more people than either version of Help to Buy. The report finds that almost eight out of 10 low to middle income families could not afford a family home with a 95 per cent Help to Buy mortgage.

Read the rest of this post on Inside Edge, my blog for Inside Housing

Advertisements

2 Comments on “Shared vision”

  1. Tracy Dover says:

    This property appears on the Share to Buy website: https://www.sharetobuy.com/firststeps/sharedownershippropertydetails?id=14350
    I’d love to know who is eligible for shared ownership and can afford this!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s