Report: Understanding the second-hand market for shared ownership properties
Thames Valley Housing has commissioned ‘Understanding the second-hand market for shared ownership properties’ report by the Cambridge Centre for Housing and Planning Research, to look at the barriers faced by shared owners to 'staircase' or to move to full ownership of their homes.
Shared ownership allows would-be home owners to purchase a share in a property whilst a housing association owns the remainder. If shared owners wish to move, they may sell their share in the property and the buyer will become a new shared owner.
Drawing on a survey of housing associations, focus groups with shared owners and interviews with mortgage lenders and other stakeholders, this report examines the functioning of the second-market for shared ownership homes in England. The research also examines the practice of 'staircasing', whereby a shared owner may purchase additonal shared of their home.
Read the report here (May 2012)