A cross-party committee of MPs has launched an investigation into the obstacles preventing people from accessing shared ownership housing. This type of housing, which allows people to buy a share of a property and pay rent on the remaining share, has long been seen as a way for people to get onto the property ladder without having to save up for a large deposit.
The investigation, which was launched by the Housing, Communities and Local Government Committee, will look into the barriers that are preventing people from taking advantage of shared ownership housing. It will also consider how the government can make it easier for people to access this type of housing.
The committee will be looking at a range of issues, including the availability of shared ownership housing, the cost of these properties, and the process for applying for shared ownership. It will also consider how the government can make it easier for people to access this type of housing, such as by providing more financial support or by making the application process simpler.
The committee has called on anyone with an interest in shared ownership housing to submit evidence to the inquiry. This includes people who have experience of buying or renting a shared ownership property, as well as housing providers and other organisations with an interest in this type of housing.
The committee’s inquiry is part of a wider effort by the government to make it easier for people to access affordable housing. The government has already announced plans to increase the supply of affordable housing, and has promised to make it easier for people to access shared ownership housing.
The committee’s inquiry is an important step in making sure that these plans are successful. By gathering evidence from people with experience of shared ownership housing, the committee will be able to identify any obstacles that are preventing people from accessing this type of housing. This will help the government to develop policies that make it easier for people to access shared ownership housing.
Overall, the committee’s inquiry into shared ownership housing is an important step in ensuring that everyone has access to affordable housing. By identifying any obstacles that are preventing people from accessing this type of housing, the committee will be able to help the government develop policies that make it easier for people to access shared ownership housing.