Major expansion of shared ownership

David Cameron will today 7th December deliver keynote speech in which he will announce plans for the expansion of shared ownership,  opening the door to 175,000 aspiring homeowners, he will reiterate how the government is getting on with the job and delivering on its manifesto commitments to provide real security and opportunity at every stage of life.

Among the measures set out by the Prime Minister today will be plans to radically re-invent the shared ownership scheme – opening the door to an extra 175,000 aspiring homeowners and helping to deliver commitment to create 1 million more homeowners over the next five years.

In a major expansion to the scheme – which allows people to part buy, part rent properties, increasing their ownership over time – the government will be putting an end to restrictions that stop people using the scheme more than once.

This means that for the first time, those already in a shared ownership property will be able to move to another –allowing them to use the capital they have gained to move to a bigger property, as their families grow or circumstances change.

The government will also be changing old-fashioned rules that dictate that only those in certain professions such as key workers or those that live in certain areas could own a shared ownership property – locking out thousands from home ownership.

Instead, from April 2016 anyone earning below £80,000 in England and £90,000 in London will be able to buy a stake in a property – meaning around 175,000 more people could get a roof of their own over their head.

To see full announcement visit:

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

do i need planning permission for a shed
Home and Living

What you need Planning Permission for in your Garden

Gardens, mostly those at the rear of property, offer us a great diversity of options outside just a lawn and patio area. From outside office space to swimming pools, gardens are a great space in which we can add great value to our lifestyles from leisure to work. Planning permission is the phrase used to…
Read More
Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X. continues to strengthen its leadership team With my non-journalist hat on, and to ensure complete transparency, I also hold a position as a non-executive director at – AS Following the recent acquisition of BriefYourMarket, proptech supplier, has announced that Damon Bullimore…
Read More
Overseas Property

How to reside in Spain through an investment

Golden Visa residence in Spain is a residence visa for investors. It was created by Law 14/2013 on support for entrepreneurs and their internationalisation, and its purpose is to attract non-EU foreign investors to Spain. This visa offers legal residence in Spain for a period of 6 months to 2 years depending on the type…
Read More
burglar uk
Home and Living

What do Burglars look for in a House?

We are all aware, unfortunately so, that today we need to be very careful on what we leave on show that could tempt a burglar / thief. Home security has certainly improved over the years including methods of combating crime and deterring those tempted to break in and enter. Especially with the invention of the…
Read More
Breaking News


A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   What next for Rightmove as CEO quits? PRESS RELEASE: 5 Million Private Renters Live in Unhealthy Homes Reveals Recent Research by Yuno What does The Queen’s Speech mean for property? What are the real Proptech trends? What next for Rightmove…
Read More
Kerb appeal
Home and Living

Top Tips to increase Kerb Appeal

How many times have you driven past a row of houses and admired an individual property? Something usually catchers your eye be it architecture, colours, plants, flowers, iron work and more. We can all obviously stand out with bright colours and loud design work, though this can be sometimes an eye sore instead and can…
Read More