Shared Ownership Schemes
The question
To ask the Secretary of State for Housing, Communities and Local Government, if he will consider creating a mandatory buyback scheme for owners of shared ownership homes.
Answered by Matthew Pennycook
Landlords have the option to buy back homes where shared owners are unable to sell due to building safety issues, and they can use their own resource or Recycled Capital Grant Funding to do so.
Shared ownership providers are independent bodies, and decisions about the management, sale or repurchase of individual homes sit with them.
While buyback provisions already apply in some limited circumstances, such as in Designated Protected Areas or where providers offer discretionary support in exceptional cases, the government has no current plans to introduce a mandatory buyback scheme for all shared ownership homes.
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