Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 12
12
Accepted
Paragraph: 72
Develop a clear understanding of Right to Shared Ownership for future Affordable Homes Programme evaluation.
Recommendation
There is currently an evidence gap around Right to Shared Ownership, as a new product. It is unclear what the level of demand for this product is; what sort of value for money it represents; and what the likelihood is of achieving 100% homeownership through it. The Government must develop a clear understanding of Right to Shared Ownership to properly evaluate its role in future iterations of the Affordable Homes Programme.
Government Response Summary
The government commits to collecting data on Right to Shared Ownership sales through its CORE dataset, including buyer characteristics, initial share purchased, and staircasing transactions, in order to build a clear understanding of the product.
Paragraph Reference:
72
Government Response
Accepted
HM Government
Accepted
30. The Government will collect data on Right to Shared Ownership sales through its CORE dataset. As with any shared ownership sale, this includes information on the characteristics of buyers, the size of share purchased at the initial point of sale, and any further staircasing transactions. As noted above, we continue to explore ways to improve our data collection on various aspects of shared ownership. It is, however, essential that private registered providers ensure that they submit data to CORE in a timely and accurate way to assist the Government with its data collection and analysis.