Shared Ownership ‘Misunderstood And Underused

Shared Ownership remains “misunderstood and underused” among young people, according to new research. According to the research the 18-24 age group is the least aware of Shared Ownership, despite being most likely to benefit from the scheme. YouGov research commissioned by Leeds Building Society found that three-quarters of people in the UK have heard of Shared Ownership, however among 18-24-year-olds awareness is as low as 40%. Almost 40 years after the launch of Shared Ownership, awareness was found to have increased with age, with 83% of 55s and over, 79% of 45-54s, 78% of 35-44s and 70% of 25-34s aware of the scheme. Read more on 24housing.

https://www.24housing.co.uk/news/shared-ownership-misunderstood-and-underused/

Another Buy To Let Lender Encouraging Longer Tenancies

Leeds Building Society has changed its mortgage criteria in a bid to encourage longer-term private rentals. The UK’s fifth largest society will now accept tenancy agreements for a period to suit both the tenant and the landlord, and will not stipulate a maximum tenancy period, which was previously set at 12 months. A number of lenders will now accept longer term tenancies, but most will only go to a maximum of three years and Leeds will be amongst the few with no maximum. Read more on the LettingAgentToday website.