Shared ownership will play a vital role in the future housing market

L&Q and 20 other leading housing associations have, together with the National Housing Federation, launched a new policy discussion paper which presents a platform for the expansion of shared ownership in the housing market and dispels a number of myths about the product.

The report, ‘The role of shared ownership in the future housing market’, chronicles how shared ownership has adapted successfully to different governments’ policy objectives over the past 30 years and indicates that intermediate housing products will play a vital role in the future housing market, as housing supply shortfalls continue to exert upward pressure on open market house prices.

Nic Bealey, Group Director of Strategy, Marketing & Sales at L&Q said, "Shared ownership is an incredibly important product and one which helps thousands of first time buyers each year purchase their first home, on a affordable and sustainable basis.

"It represents good value for money, frees up social tenancies, reduces waiting lists, increases new housing supply and supports many first time buyers to achieve their home ownership aspirations in an era of continuing high house prices.

"This discussion paper looks at the successes of shared ownership and aims to encourage an open debate and how it can deliver value for future generations when budgets will be under pressure"

You can download a summary of the report here.