Why Shared Ownership Remains a Vital Tenure
Can more be done to promote shared ownership as a real option for homebuyers? Rob Barnard of Pepper Money discusses its importance.
At the time of writing, the government's Social and Affordable Homes Programme prospectus is yet to be published. Many stakeholders in the shared ownership world await its release, hoping it will give this tenure the necessary support.
Rob Barnard, intermediary relationship director at Pepper Money, believes it's time to promote shared ownership, as it provides a way for some buyers to get a foothold on the housing ladder that would otherwise be out of reach.
Despite its benefits, shared ownership can be an overlooked tenure. The prospectus is expected to address this and provide the necessary backing for its success.
Author's summary: Shared ownership remains a vital tenure option.
- Shared ownership provides a way for buyers to get a foothold on the housing ladder.
- The government's Social and Affordable Homes Programme prospectus is awaited for its potential to support this tenure.