The government has launched a new model for shared ownership properties for aspiring homeowners. There are a number of significant changes which take effect from April 2021 including:
The new shared ownership model will apply to all homes that receive grant funding via the Affordable Homes Programme and homes funded via section 106 contributions, however the government has said there will be a transition period to ensure developments already progressing through the planning process are not adversely affected by the new rules.
For more information on shared ownership or any aspect of residential property purchases or sales, please contact Emily Jones on e.jones@thpsolicitors.co.uk or call 0118 975 6622
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