Words are cheap, @natfednews.bsky.social. The recent debate in the House of Lords suggests there's little evidence of your members' claimed "social purpose".

Inside Housing @insidehousing.bsky.social · 15h ago

Last week, our members wrote to members of the House of Lords. Peers listened and sent the Government a clear warning. Helping shared owners isn't a Labour priority. With your help, we'll make it one. Join us: tinyurl.com/SharedOwnersNetwork

The Shared Owners' Network@sharedownersnet.bsky.social · 2w ago

"Predatory." "Sharp practice." "Kafkaesque." Peers didn't hold back during Monday's 40-minute House of Lords debate on shared ownership. If you missed it, you can catch up now. ⏯️ parliamentlive.tv/event/index/...

"Predatory." "Sharp practice." "Kafkaesque." Peers didn't hold back during Monday's 40-minute House of Lords debate on shared ownership. If you missed it, you can catch up now. ⏯️ parliamentlive.tv/event/index/...

Parliamentlive.tv

House of Lords

parliamentlive.tv

Thousands of shared owners are trapped in homes they cannot sell or are struggling with unaffordable housing costs. Yet instead of confronting this growing crisis head-on, the government is merely planning to rearrange the deckchairs on the Titanic. 🖇️ Link in next post

📍House of Lords Debate on shared ownership and buybacks. Catch up ⬇️ parliamentlive.tv/event/index/...

Parliamentlive.tv

House of Lords

parliamentlive.tv

Are you a shared owner? ➡️ Join us: tinyurl.com/SharedOwners... 📱Follow our WhatsApp channel: whatsapp.com/channel/0029... 📥 Get in touch: sharedownersnetwork@gmail.com

🗨️ Lord Young: "A dedicated allocation to support the buyback of unmortgageable shared ownership properties within the current Social and Affordable Homes Programme is the solution." www.insidehousing.co.uk/news/lords-b...

Lords back review of shared ownership to help address ‘horror’ of living in unsellable and unmortgageable homes

The House of Lords has backed an amendment to the Social Housing Bill calling for a comprehensive review of the shared ownership model in the first year.

insidehousing.co.uk

🔥 "acting with a predatory and pecuniary advantage and obvious conflicts of interest." Blimey, @natfednews.bsky.social, I think it's fair to say Lord Fuller is rather sceptical of your members' claimed "social purpose." #UKhousing

The Shared Owners' Network@sharedownersnet.bsky.social · 2w ago

Yesterday, peers called for a review of shared ownership and demanded buybacks for trapped shared owners. They had some blunt words about how housing associations operate. The Minister resisted scrutiny. Peers voted. The Government was defeated. Decisively. 🖇️ Link in post below.

Yesterday, peers called for a review of shared ownership and demanded buybacks for trapped shared owners. They had some blunt words about how housing associations operate. The Minister resisted scrutiny. Peers voted. The Government was defeated. Decisively. 🖇️ Link in post below.

📥 If you are a member, please check your inbox for an important message. If you can't find it there, please check your spam or junk folder.

Minister confirms LAFRA omission that would deny tens of thousands of shared owners the right to extend their lease with direct landlord - because providers "do not have sufficiently long leases to grant 990-year extensions" - must wait for Commonhold & Leasehold Reform Bill.

Matthew Pennycook MP@matthewpennycookmp.bsky.social · 3w ago

As we bring the feudal leasehold system to an end and move towards a commonhold future, we won’t leave existing leaseholders behind. Today, we’re setting out the next phase of the implementation of the Leasehold and Freehold Reform Act 2024 👇🏻 questions-statements.parliament.uk/written-stat...

So many shared owners are paying for amenities they can't access. Many are also paying for maintenance of public amenities their council tax should cover.

🎯 @soresources.bsky.social "Shared ownership is publicly subsidised and delivered under an affordable homes scheme. Consequently, whether shared ownership homes are affordable is of interest not only to shared owners, but also to taxpayers." @matthewpennycookmp.bsky.social what's the plan?

Inside Housing @insidehousing.bsky.social · 3w ago

⚠️ Extreme heat Remediation work means some residents can't fully open windows or access balconies, making it impossible to cool and ventilate homes overnight. We've joined @eocs-official.bsky.social and @nonqualifyinglh.bsky.social in calling on Ministers to act. ⬇️

Inside Housing @insidehousing.bsky.social · 4w ago

"If shared ownership is a pathway to home ownership, it is a very rocky one. It is definitely a home owner’s dream that turned into their worst nightmare." Shared owners are tired of government excuses. Time is up. #UKhousing

"If shared ownership is a pathway to home ownership, it is a very rocky one. It is definitely a home owner’s dream that turned into their worst nightmare." Shared owners are tired of government excuses. Time is up. #UKhousing

Peers challenged the Minister on shared ownership this week. Lord Fuller didn't hold back: "This has been sold to people (…) as a lower-cost way of getting their foot on the ladder." "One might go so far as to suggest that there has been a degree of mis-selling here."

🆕 The Housing Select Committee has published its report on homeownership affordability. It concludes: 👉 "Shared ownership (...) is not a long-term affordable option for many of the buyers to whom it is marketed." 🧵

Probably the closest a committee will get to saying the government is, ahem, not telling the truth. #SharedOwnerhip @shacaction.bsky.social

The Shared Owners' Network@sharedownersnet.bsky.social · 2mo ago

The Committee calls out the gap between the label and the reality of "affordable housing".

💯

The Shared Owners' Network@sharedownersnet.bsky.social · 2mo ago

This is what the new Select Committee report says about shared ownership, in full. MPs note that changes to the scheme do not benefit existing shared owners. Our position is clear @matthewpennycookmp.bsky.social, the shared ownership scheme should not be marketed as affordable housing.

🆕 The Housing Select Committee has published its report on homeownership affordability. It concludes: 👉 "Shared ownership (...) is not a long-term affordable option for many of the buyers to whom it is marketed." 🧵

"The government shouldn’t really need a 73-page report in the current environment to realise that (...) even the sector’s much-coveted shared ownership model is “not a long-term affordable option for many of the buyers to whom it is marketed”." www.insidehousing.co.uk/insight/the-...

The Week in Housing: Will the government wake up to the fact that ‘so-called affordable housing’ is beyond many people’s reach?

The Week in Housing is our weekly newsletter, rounding up the most important headlines for housing professionals.

insidehousing.co.uk

I do think it's shocking the leaseholder has to stump up the entire shortfall, the housing associations should absolutely swallow their share of a loss if the flat is proving tough to sell.

This gaslighting really winds me up. Shared ownership is a trap. The housing association doesn't care once you're trapped with an unsaleable flat you can't afford anymore.

The "important" role it plays is providing a zero risk inflation-busting rental income stream to housing associations, at shared owners' expense. It's unethical wealth extraction from the least financially resilient of homebuyers.

Two years after a damning Select Committee report, ministerial correspondence is still recycling the same tired claim that shared ownership has "an important role to play". Where is the evidence, @matthewpennycookmp.bsky.social @sharonstevenage.bsky.social?

"The couple will need to find the money to pay for a lease extension at some point ... no one warned them about the additional costs" ❌ Most shared owners were sold short leases as a matter of policy. Few were warned about the consequences. Many are now paying the price. inews.co.uk/inews-lifest...

I regret buying a shared ownership home - we can only own 80% and will struggle to sell

Cherida Plumb and her partner fear they might end up trapped in their rural property due to affordable housing restrictions

inews.co.uk

Shared owners are forced to sell at prices set by RICS surveyors or cover the shortfall themselves. Cannot sell and need to move? They are told to become landlords. This can't go on @matthewpennycookmp.bsky.social. We need buybacks. 👇 www.bbc.com/news/article...

London 2012 Olympic village 'tainted' by unsellable flats

High service charges and fire safety issues leave many in Stratford's East Village unable to sell up.

bbc.com