Shared visionPosted: August 30, 2013
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