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Select Committee · Housing, Communities and Local Government Committee

Shared Ownership

Status: Closed Opened: 19 Jul 2023 Closed: 28 May 2024 17 recommendations 8 conclusions 1 report

The LUHC’s Committee’s inquiry will examine the challenges associated with shared home ownership schemes, including barriers to achieving full home ownership and whether shared ownership is genuinely an affordable route to owning a home. The Committee is also likely to explore challenges around reselling, affordability issues such as service charges and maintenance responsibilities, and questions … Show more

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Reports

1 report
Title HC No. Published Items Response
Fifth Report - Shared Ownership HC 61 28 Mar 2024 25 Responded

Recommendations & Conclusions

2 items
8 Conclusion Fifth Report - Shared Ownership Deferred

Unfair rent charges imposed on OPSO owners with less than 75% equity.

It is unfair that OPSO owners with shares of less than 75% are liable to pay rent on the entirety of the landlord’s equity in the property, while those who own the maximum 75% share pay no rent at all.

Government response AI summary
The Government is looking forward to receiving the report of the independent Older People’s Housing Taskforce in due course, and will of course consider their recommendations carefully, including any regarding OPSO.
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Ministry of Housing, Communities and Local Government
9 Recommendation Fifth Report - Shared Ownership Deferred

Require Older People’s Housing Taskforce to recommend OPSO reform regarding rent on equity.

As part of its report, the Older People’s Housing Taskforce must include recommendations for reform of OPSO, focussing on the potential merits of changes to ensure that no rent is charged for the top 25% of equity, regardless of the proportion owned by the shared owner. The Taskforce should publish … Read more

Government response AI summary
The government states it looks forward to receiving the Older People’s Housing Taskforce's report and will consider its recommendations carefully, including those on OPSO, but does not commit to the Taskforce including specific recommendations as requested.
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Ministry of Housing, Communities and Local Government

Oral evidence sessions

2 sessions
Date Witnesses
18 Dec 2023 Emma Payne · Department for Levelling Up, Housing and Communities, The Baroness Penn · Department for Levelling Up, Housing and Communities View ↗
4 Dec 2023 Clare Miller · Clarion, Dr Alison Wallace · Centre for Housing Policy, University of York, Helen Spencer · Great Places Housing Group, Oliver Boundy · Anchor, Professor Stanimira Milcheva · University College London, Steve Collins · Rentplus-UK, Sue Phillips · Shared Ownership Resources View ↗

Who gave evidence

9 witnesses
WitnessOrganisationSessions
Clare Miller · CEO Clarion 1
Dr Alison Wallace · Senior Lecturer in Social Policy & Housing Centre for Housing Policy, University of York 1
Emma Payne · Director for Social Housing and Resettlement Department for Levelling Up, Housing and Communities 1
Helen Spencer · Executive Director of Growth Great Places Housing Group 1
Oliver Boundy · Executive Director of Development Anchor 1
Professor Stanimira Milcheva · Professor in Real Estate Finance University College London 1
Steve Collins · Chief Executive Rentplus-UK 1
Sue Phillips · Representative Shared Ownership Resources 1
The Baroness Penn · Parliamentary Under-Secretary of State (Housing a… Department for Levelling Up, Housing and Communities 1

Correspondence

4 letters
DateDirectionTitle
20 Feb 2024 To cttee Letter from Shared Ownership Resources to the Chair regarding a follow up to or…
30 Jan 2024 To cttee Letter from the Chief Executive of Rentplus to the Chair regarding the Committe…
30 Jan 2024 To cttee Letter from the Minister for Housing and Communities to the Chair regarding the…
17 Jan 2024 To cttee Letter from the Chair to the Parliamentary Under Secretary of State for Housing…