New model for Shared Ownership: technical consultation

The government is introducing a new model for Shared Ownership. This model will:

1. Reduce the minimum initial share from 25% to 10%
2. Introduce a new gradual staircasing offer, to allow people to buy additional shares in their home in 1% instalments with heavily reduced fees
3. Introduce a 10-year period during which the shared owner will receive support from their landlord to pay for essential repairs
4. Give Shared Ownership leaseholders (shared owners) more control when they come to sell their home

This consultation seeks to capture views on how to best implement the new model for Shared Ownership to ensure it can be smoothly adopted by providers and lenders, and effectively supports aspiring homeowners.