Shared Ownership Schemes
The question
To ask the Secretary of State for Housing, Communities and Local Government, what comparative assessment his Department has made of shared ownership residents’ liability for building safety and cladding costs with the liability of the underlying owner of the shared equity lending for such costs.
Answered by Matthew Pennycook
My Department has made no such specific comparative assessment.
No costs for cladding remediation are payable by shared owners of leases which qualify for the leaseholder protections in the Building Safety Act 2022.
Any contributions towards non-cladding remediation costs are capped according to the size of the share of the property owned on 14 February 2022, irrespective of whether that share is later increased through staircasing, including up to 100%.
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