"If shared ownership is a pathway to home ownership, it is a very rocky one.
It is definitely a home owner’s dream that turned into their worst nightmare."
Shared owners are tired of government excuses.
Time is up.
#UKhousing
Peers challenged the Minister on shared ownership this week.
Lord Fuller didn't hold back:
"This has been sold to people (…) as a lower-cost way of getting their foot on the ladder."
"One might go so far as to suggest that there has been a degree of mis-selling here."
Probably the closest a committee will get to saying the government is, ahem, not telling the truth.
#SharedOwnerhip
@shacaction.bsky.social
💯
🆕 The Housing Select Committee has published its report on homeownership affordability.
It concludes:
👉 "Shared ownership (...) is not a long-term affordable option for many of the buyers to whom it is marketed."
🧵
This is what the new Select Committee report says about shared ownership, in full.
MPs note that changes to the scheme do not benefit existing shared owners.
Our position is clear
@matthewpennycookmp.bsky.social, the shared ownership scheme should not be marketed as affordable housing.
The Committee recommends that Government adopt a definition of 'affordable housing' that works for people, not just for planning.
The Committee calls out the gap between the label and the reality of "affordable housing".
🆕 The Housing Select Committee has published its report on homeownership affordability.
It concludes:
👉 "Shared ownership (...) is not a long-term affordable option for many of the buyers to whom it is marketed."
🧵
"The government shouldn’t really need a 73-page report in the current environment to realise that (...) even the sector’s much-coveted shared ownership model is “not a long-term affordable option for many of the buyers to whom it is marketed”."
www.insidehousing.co.uk/insight/the-...
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The Committee calls out the gap between the label and the reality of "affordable housing".
This is what the new Select Committee report says about shared ownership, in full.
MPs note that changes to the scheme do not benefit existing shared owners.
Our position is clear
@matthewpennycookmp.bsky.social, the shared ownership scheme should not be marketed as affordable housing.
