Shared ownership rents reform
Reforms to shared ownership rents for new shared owners including switching the maximum amount that shared ownership rents can increase by once a year from the Retail Prices Index (RPI) plus 0.5%, to the Consumer Prices Index (CPI) plus 1%.
Applies to England
Documents
Details
As set out in the Rent Review schedule of shared ownership leases, shared ownership rents are currently permitted to increase once a year by a maximum of RPI plus 0.5%. To ensure that shared ownership rents are increased using a more modern measure of inflation, from 12 October 2023, they will instead increase once a year by CPI plus 1% for new shared owners, subject to certain exceptions. This reform brings shared ownership rents into line with the limit that normally applies to annual rent increases in other forms of social housing.