Shared Ownership Week 2017: 21st - 27th September
Wednesday 20th September 2017
More than half of potential home buyers could be missing out on their opportunity to get on, or move up the property ladder, according to new research by Shared Ownership Week. Lifting the lid on this potential home ownership lifeline for thousands more budding property buyers, the Shared Ownership Week campaign returns for its fifth year, on 21st – 27th September 2017. Ensuring buyers take note of the scheme, designer Wayne Hemingway MBE is backing the campaign, voicing his support for a sector that has “demonstrated considerable progress in bridging the affordability and home ownership gap.”
Shared Ownership Week 2017 aims to help homebuyers understand how they could be eligible to secure a property with this pioneering scheme, which was first introduced in the 1980s. Brand new research commissioned by the team behind Shared Ownership Week has revealed 54% of 21 to 30-year-olds have never heard of Shared Ownership. The campaign aims to change this, and educate aspiring home buyers about how the scheme can help them on to or up the property ladder.
This year, the week is supported by Wayne Hemingway MBE, who through his previous roles as Chair of Building For Life, a member of the Trustee Board of Commission for Architecture and the Built Environment (CABE) and HemingwayDesign’s various housing projects, understands the importance of good quality, affordable housing.
Wayne comments: “I am delighted to be involved in Shared Ownership Week 2017, raising awareness of the important work of Housing Associations, helping people attain home ownership. Shared Ownership Week has come a long way over the last five years; it now not only champions affordability, but also the sheer variety of homes and vibrant communities they help create, in a wide range of locations.”
The awareness week is backed by many of the major housing associations including Guinness, The L&Q Group, Notting Hill Sales, Newlon, Southern, Hyde New Homes, Thames Valley Housing, Peabody, Clarion, Moat, Metropolitan and Network. Each will be showcasing their new build Shared Ownership developments throughout the week, sharing their expertise with potential buyers, and providing information on how the scheme works and where it is available.
Also supporting the week is Housing and Planning Minister, Alok Sharma.
Alok comments: “This Government is determined to make housing more affordable, increase supply and help more people get onto the housing ladder. Shared Ownership plays a key part in this, helping young aspiring homebuyers to achieve their dream of home ownership.
“We’ve already helped hundreds of thousands of people become homeowners through government-backed schemes and want even more people to benefit in the future. That’s why Shared Ownership Week is such an important event, spreading the word about the fantastic opportunities and support available, particularly for first time buyers.”
The dedicated website www.sharedownershipweek.co.uk contains a wealth of information for prospective buyers too, including case studies, videos and links to Shared Ownership homes currently available.
Shared Ownership has been available since the 1980s, but has been restricted with local councils dictating who should be a priority based on a wide of range of factors from salary to profession to where the buyer comes from.
Following a relaxation to the eligibility criteria last year, the scheme is open to people of any occupation, and ensures second steppers, those who have owned before, are given equal priority with first time buyers. Furthermore, there is no longer a cap on the number of bedrooms an applicant can request, providing they earn less than £80,000 a year, or £90,000 in London.
Shared Ownership enables buyers to purchase a share in a brand-new home that they can afford – usually a minimum of 25% of its market value – with as little as a 5% deposit. The buyers pay a subsidised rent on the remaining share of the property, usually resulting in lower monthly costs than renting on the open market, and can buy further shares at any time, known as ‘staircasing’, right up to 100% and outright ownership.
For more information on Shared Ownership Week, visit www.sharedownershipweek.co.uk or follow @SOWeekLive on Twitter for the latest news.
20th September 2017
Shared Ownership Week returns for its fifth year, 21st - 27th September. Shared Ownership week raises awareness this home ownership scheme which offers a life line to thousands of first time buyers.
19th September 2017
Countdown to the London Home Show Autumn 2017: Our sponsor Crest Nicholson give you the low down on their fantastic development Dylon Works, available via Help to Buy London.
18th September 2017
Countdown to the London Home Show Autumn 2017: Hear Marco and Olga's story about buying their first home for their young family with Notting Hill Sales.
16th September 2017
Countdown to the London Home Show Autumn 2017: L&Q's Lucy Chitty dispells some of the myths about home ownership.
FIRST STEPS is committed to the promotion of all types of accessible housing in London. We want to make the journey into your new home as simple as possible and to be sure that you know what to look for when searching for an affordable accessible home. All developments must be rated according to the type of accessibility they offer. That is why we have the following guide, based on the information provided in the Mayor of London's Accessible Housing Register, to help you understand what the rating of each property actually means.
A - Wheelchair Accessible Throughout
Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessibly. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.
B - Wheelchair Accessible essential rooms
Complies with the Wheelchair Housing Design Guidance within the Housing Corporation Scheme Development Standards. Properties designed of adapted to provide access for wheelchair users to essential facilities of the property (that is, a bedroom, bathroom, toilet, living room and kitchen). Other rooms in the house such as additional bedrooms or bathrooms may not be wheelchair accessible.
C - Lifetime Homes
Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.
D - Easy Access
Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.
E - Step Free
No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.
E+. Minimal steps
No published access design guidance. Properties that do not meet any accessibly housing design guidance and have a limited number of steps to enter the property. Properties in this category will have no more than four steps to access the front door and are likely to be ground floor properties or properties in a block with a lift and a small number of communal or property front door steps.
F - General Needs
General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.
The Accessible Housing Register captures the essential information which determines the category awarded to a property. Additional information is also collected. This includes:
- Details of major adaptations such as level access showers and stair lifts
- Private garden or balcony
- Proximity to local shops
- Proximity to public transport