New model for shared ownership

2020-09-09T18:20:00+01:00

On 8 September 2020, the Ministry of Housing, Communities & Local Government (MHCLG) proposed a new national model for shared ownership.

Along with key policy changes, MHCLG has set out the government response to a consultation on shared ownership that took place between August and September 2019.

Changes to shared ownership include:

reducing the minimum initial share from 25% to 10%
introducing a new gradual staircasing offer, to allow people to buy additional shares in their home in 1% instalments with reduced fees
giving shared owners more control when they come to sell their home.

A technical consultation and update to the model lease will follow.

Read the consultation outcome

Feature
A problem shared

2019-09-10T00:00:00Z By David Keighley

David Keighley looks at how shared ownership works in practice, including the key terms of shared ownership leases, extending leases and the second-hand market
Opinion
’Tis the season

2024-12-23T10:12:00Z By Clare Harman Clark

Clare Harman Clark, the Property Section chair, wonders what Santa is likely to bring for property practitioners in 2025
Feature
High energy

2024-12-20T10:29:00Z By Richard Pulford

Part of the new government’s rental reforms include a commitment to increase energy efficiency in private rental accommodation. Richard Pulford outlines the proposals