Shared Ownership Council launches consultation on new Code of Good Practice

On 25 June, the Shared Ownership Council published its draft Code of Good Practice and launched two consultations which will remain open until September. One consultation is aimed at those providing shared ownership, and the other is consumer-facing.

Shared ownership is an important route to home ownership for many households and demand for it remains high. We support measures to improve residents’ experience through greater transparency around costs and improved access to information, as well as better government data on the product. We also supported reforms to make it cheaper and easier for all leaseholders to buy their freehold or extend their lease. This is why we worked closely with the Shared Ownership Council as they developed this Code of Good Practice.

We think the Council has a crucial role to play in shaping shared ownership in the future and we're committed to supporting them in this work. Like us, the Council recognise the value of shared ownership and what it offers to those whose housing needs are not met on the open market or in the private rented sector.

You can read more about the Code and the consultations on the Council’s website.