Shared ownership can become ‘financially unsustainable’ for buyers over time, report warns

 

"Shared ownership risks becoming “financially unsustainable” for lower-income buyers over time due to its “upward-only” costs and a system that requires them to buy as much as they can afford at the outset, a new report has warned" (Inside Housing subscription).

This is a wake up call. For many people shared ownership is the only way they can enter the owner housing market but it is not without risk and not an answer to the wider affordable housing crisis.