Consultation outcome

Private shared homeownership: call for proposals

• From: Ministry of Housing, Communities & Local Government (2018 to 2021), HM Treasury and Department for Levelling Up, Housing and Communities
• Published: 29 October 2018
• Last updated: 5 January 2023 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Detail of outcome

The consultation is now outdated and policy has moved on. The government published its approach to home ownership in the Levelling Up White Paper, which includes policies to support first time buyers (such as Shared Ownership and First Homes) and working with the lending industry to maximise the availability of low deposit mortgages.

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Original consultation

Summary

Seeking proposals from private investors, delivery organisations or partnerships between them to provide new routes into affordable homeownership.

This consultation ran from
29 October 2018 to 11:45pm on 1 February 2019

Consultation description

We would welcome proposals in 3 categories:

• private shared ownership which would be primarily privately funded
• other private affordable homeownership products which should be primarily privately funded
• other innovative routes into homeownership which do not require government investment but may require the removal of regulatory or other barriers

Proposals should not rely on government grant funding, government guarantees or developer s106 contributions.

We are particularly interested in private shared ownership proposals where we believe government loan funding will play an important part in removing the risk and financial uncertainty created by staircasing. (Staircasing is the term given to buying extra shares in a shared ownership property.)

Documents

Innovation in affordable home ownership: a call for proposals for private shared ownership

Ref: ISBN 978-1-4098-5349-7

PDF, 314 KB, 8 pages

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Published 29 October 2018
Last updated 5 January 2023 + show all updates

1. 5 January 2023

   Consultation closed with explanation

2. 29 October 2018

   First published.