The Government has announced changes to the shared
ownership model, and that it intends to take forward Right to Shared Ownership
as an official government policy. In a press statement, Secretary of State
Robert Jenrick, said:
·
Tenants of all new housing association homes
built with grant funding will get a Right to Shared Ownership (RTSO).
·
The Government will work with housing
associations on a voluntary basis to determine what offer can be made to
tenants in existing homes.
·
For all shared ownership homes the minimum stake
required will reduce from 25% to 10% and residents will be able to staircase by
1%.
·
The resales process will be streamlined and fees
will be made ‘fairer and more proportional’.
Read more on the NHF website.
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