We believe that Shared Ownership has an important role to play, as part of a diverse and thriving housing market, in helping those who aspire to home ownership but may be otherwise unable to afford it. The combination of rent and mortgage will often be lower than the cost of outright purchase and in many areas lower than the cost of private renting.<\/p>
We have made changes to Guidance for grant funded Shared Ownership, including raising the income cap on Shared Ownership in England from £60,000 to £80,000 and up to £90,000 in London - allowing 175,000 more households to have access Shared Ownership.<\/p>
Between 2015 and 2018 - 6,041 shared ownership homes were completed in London.<\/p>
The Mayor has overall responsibility for housing policy and delivery in London, but we are all agreed that London needs to build many more homes to meet its need. That is why we have agreed that London will receive £4.8 billion of the Affordable Homes Programme funding (including £1.67 billion announced at Spring Statement 2018) to deliver at least 116,000 affordable housing starts by March 2022.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4495", "label" : {"_value" : "Biography information for Kit Malthouse"} } , "answeringMemberConstituency" : {"_value" : "North West Hampshire"} , "answeringMemberPrinted" : {"_value" : "Kit Malthouse"} , "dateOfAnswer" : {"_value" : "2019-07-01", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-01T16:20:55.917Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "7"} , "answeringDeptShortName" : {"_value" : "Housing, Communities and Local Government"} , "answeringDeptSortName" : {"_value" : "Housing, Communities and Local Government"} , "date" : {"_value" : "2019-06-24", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Shared Ownership Schemes: Greater London"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Housing, Communities and Local Government, what steps the Government is taking to ensure that shared home ownership is affordable in London.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4635", "label" : {"_value" : "Biography information for Eddie Hughes"} } , "tablingMemberConstituency" : {"_value" : "Walsall North"} , "tablingMemberPrinted" : [{"_value" : "Eddie Hughes"} ], "uin" : "268523"} , {"_about" : "http://data.parliament.uk/resources/1134062", "AnsweringBody" : [{"_value" : "Ministry of Housing, Communities and Local Government"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1134062/answer", "answerText" : {"_value" : "
Since 2010, we have delivered over 430,000 additional affordable homes to rent and buy. Starter Homes, as defined in Chapter 1 of the Housing and Planning Act 2016, require secondary legislation to further define the product before they are brought to the market. As the Government's Starter Homes programme is not yet in operation, it will have had no effect on the levels of Shared Ownership. In fact, Shared Ownership completions were over 11,000 in 2018 and have increased every year since we started collecting this data<\/p>
We have been engaging with the industry to ensure the regulations to define Starter Homes are sound and that the product works for all concerned. We intend to lay these regulations before the House later this year.<\/p>"}
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The Large scale BS 8414 test including Class B-s1,d0 High Pressure Laminate panels with stone wool insulation was carried out on the 11 July 2019 and the test report is now available online.<\/p>