New Government urged to maintain Shared Ownership funding

Twenty one of the leading providers of shared ownership and affordable homes have come together to ensure that the new coalition government maintains spending.

With shared ownership giving so many people the chance to get onto the property ladder, the 21 leading housing associations have written to the new Chief Secretary to the Treasury, David Laws, and the new Housing Minister, Grant Shapps. They are urging the new government to recognise the role that shared ownership now plays in the housing market and the value for money that it offers.

In recent years we have seen the highest house prices on record and severe cuts in public spending, but all the time shared ownership has remained as a viable and affordable option for those who want to enter the property market.

The new coalition government have indicated in a policy document last week that they intend to promote shared ownership housing. The proof will be in the pudding and their commitment to funding.

House prices for many will stay out of reach and so shared ownership really is the only option for many wanting to get onto the property ladder and so funding is paramount. Affordable housing is greatly needed and shared ownership is going to help to bridge the gap between those in need and finding suitable accommodation.