Stewart Jackson – 2015 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Stewart Jackson on 2015-10-13.

To ask the Secretary of State for Communities and Local Government, what steps he is taking to reduce barriers preventing tenants in shared ownership properties from staircasing up to increase the share of the property they own; and if he will make a statement.

Brandon Lewis

This Government is determined to extend home ownership to anyone who aspires to own their own home.

Shared ownership has proven to be extremely popular and has played an important role in helping families who are otherwise priced out of the market. This is why between April 2010 and March 2015 we have delivered 41,000 new shared ownership homes through the Affordable Homes Programme.

The Government is committed to ensuring that shared ownership continues to be effective at helping hard working families meet their aspiration to own their own home. This is why earlier this year we consulted on a range of possible proposals to streamline the process for selling on shared ownership properties.

As a result we have simplified the process for resale of shared ownership properties by removing the pre-emption right, or right of first refusal for housing providers, from those former shared ownership homes where the owner has ‘staircased’ to 100% ownership.

But there is more that can be done and the Government is currently looking at how we can make shared ownership even more accessible as a route to full home ownership.