In January, we met with the Building Societies Association (BSA), to highlight the continuing difficulties that leaseholders affected by the building safety scandal are having with remortgaging and selling their homes.
Continue reading “Our meeting with the Building Societies Association”
We welcome the Select Committee’s report into shared ownership affordability. We agree fully with the Committee’s conclusion that shared ownership products can often become unaffordable over time as shared owners have to pay for 100% of repairs and maintenance costs despite only owning a proportion of the property. Clearly, this is unfair.
Continue reading “Our statement on the LUHC Select Committee Report on Shared Ownership“
The Leasehold and Freehold Reform Bill had its third reading in the House of Commons on 27th February – read the transcript in full here and watch the building safety excerpts here – and is due in the House of Lords in the coming weeks.
On 19 December 2023, Secretary of State Michael Gove wrote to all registered providers (e.g. housing associations) to let them know about changes the Government has made to relax rules on subletting and funding available for buybacks of shared ownership properties. He also asked registered providers to publish their policies online.
Continue reading “Are shared owners in London being left behind?”
In July 2023 the Commons Levelling Up, Housing and Communities Committee initiated an inquiry into shared ownership to examine the challenges associated with the scheme, including barriers to achieving full home ownership and whether shared ownership is genuinely an affordable route to owning a home.
Continue reading “Our written evidence to the Commons LUHC committee inquiry into shared ownership”
