answer text |
<p>The Government's £11.5 billion Affordable Homes Programme 2021-2026 aims to deliver
up to 180,000 new homes, should economic conditions allow. Approximately half of these
homes will be for affordable home ownership, including Shared Ownership. <br> <br>
Shared Ownership enables a buyer to purchase an initial equity stake in a home of
between 10%-75% of its market value. Following purchase, the buyer can then gradually
increase their equity stake in the home, as and when they can afford to do so, all
the way up to full ownership, with some limited exceptions. <br> <br> In April 2021,
the Government launched its new model of Shared Ownership. This new model will make
Shared Ownership more consumer friendly, easier to access and fairer, leading to a
better experience for a future generation of home owners.</p>
|
|