A home for everyone
20 September

Celebrating Shared Ownership Week

We are celebrating Shared Ownership Week because we believe in a home for everyone.
Shared Ownership Week

We are celebrating Shared Ownership Week because we believe in a home for everyone.

We know there is a big gulf between the average salary in the South West and the cost of a home.

And so we are delighted to be able to offer a range of shared ownership packages to help people get on the housing ladder.

Shared ownership lets you buy between 25% and 75% of a home and rent the rest from a housing association - increasing the amount you own yourself as time goes by.

It provides an affordable, smarter way to buy a new home.

Shared Ownership Week has been designed to raise awareness of ways you can own part of your home.

Our Sales Manager for Shared Ownership, Lorna Bailey, said: “There is nothing better than being able to tell a new customer their application has been successful and hand them the keys to their brand new homes on moving in day.

“It is important to celebrate Shared Ownership Week and to spread the word to people who are looking to own their own home but think it is out of their reach. They might not yet know about shared ownership and what it can offer them.  

“Shared Ownership really offers young people the chance to get the all-important foot on the housing ladder and gives them the flexibility to buy more shares as and when they can afford to do so.

“It is perfect for first-time buyers and families alike.”

The government is fully supportive of building more homes for shared ownership in order to make buying a home more affordable.

Housing Secretary Robert Jenrick said: "We know that most people still want to own their own home, but for many, the dream seems a remote one.
"My mission is to increase the number of homes that are being delivered and to get more young people and families on to the housing ladder, particularly those on lower incomes.

"I will be looking at ensuring young people from Cornwall to Cumbria aren't priced out of their home areas and how we can build public support for more housebuilding and better planning.
"This Government will help a new generation to own their home."

Last year LiveWest built 900 homes for rent and shared ownership and is planning to increase that figure over the coming year.

The National Housing Federation (NHF) has released figures for affordable ownership starts which primarily represent shared ownership.

They show a 65 per cent increase from 10,221 starts in 2015/16 to 16,884 starts in 2018/19.

Lorna added: “It’s the affordable go-to option, offering the security of owning your own home together with the flexibility of being able to purchase more shares when you can afford them. Shared Ownership also offers cheaper deposits than outright sale.”

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