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1471062
registered interest false more like this
date less than 2022-06-16more like thismore than 2022-06-16
answering body
Department for Levelling Up, Housing and Communities more like this
answering dept id 211 more like this
answering dept short name Levelling Up, Housing and Communities more like this
answering dept sort name Levelling Up, Housing and Communities more like this
hansard heading Owner Occupation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the potential merits of a gradual homeownership scheme; and if his Department will make an assessment of the potential merits of adding gradual homeownership to existing property purchasing arrangements ahead of the Autumn Statement. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Gary Sambrook more like this
uin 19693 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-06-23more like thismore than 2022-06-23
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> more like this
answering member constituency Pudsey remove filter
answering member printed Stuart Andrew more like this
question first answered
remove filter
answering member
4032
label Biography information for Stuart Andrew more like this
tabling member
4760
label Biography information for Gary Sambrook more like this