Shared Home Ownership Scheme To Be Extended By Tories

David Cameron is to announce an easing of the rules of the shared home ownership scheme to allow people to benefit more than once as they move up the property ladder. The prime minister will pledge to end the heavy restrictions on the scheme. In a speech the prime minister will say that the shared ownership scheme will benefit an extra 40,000 people – up from 135,000 to 175,000. He will say that current rules preventing people from benefiting from the scheme to “part-buy, part-rent properties” more than once will be scrapped. The change will mean that as people have children, or their circumstances change, they will be allowed to use the scheme to move up the property ladder. Rules which limited the scheme to key workers will also be scrapped. Read more on the Guardian website.