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Detail of outcome
Following the discussion paper on the proposed changes to the Shared Ownership model, we have summarised all responses received and set out the government’s response. The document also sets out key policy changes which will be coming into effect with the new model for Shared Ownership. A technical consultation and update to the model lease will follow.
The government is reviewing a new national model for shared ownership to make it easier for people to buy more of their own home, including allowing them to buy in 1% increments.
We are seeking views on:
- making it easier to increase the share you own: allowing owners to purchase shares in much smaller increments
- making it easier to sell your home: by giving the owner more control over the sales process
- making it easier to get a mortgage: by ensuring there is one preferred national model for shared ownership