Rents: Shared Ownership
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether she has made an assessment of the potential merits of introducing a cap on rent increases for those shared ownership properties not purchased from a registered social landlord.
Answered by Matthew Pennycook
The government requires that all leases for shared ownership properties funded with government grant, regardless of whether the shared ownership provider is a registered social landlord, must include a clause limiting rent increases to a maximum of RPI +0.5% for leases prior to October 2023, or CPI +1% for leases from October 2023.
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