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Housing Today
Trusted media brand of the Chartered Institute of Housing
The strengths and weaknesses of the new consumer code on shared ownership
Eight housing providers are trialling a new code aimed at improving the experience of shared owners. But asks Ruth Barnes, will it have teeth?
Shared ownership plays a vital role in the step towards home ownership. So successful is the model that there are now around 250,000 shared-ownership households in the UK.
The Shared Ownership Council (SOC), an industry-led initiative backed by housing providers and financial institutions, with its Shared Ownership Code looks to ensure “transparency, fairness and improved support” in the way shared ownership homes are marketed, purchased and managed.
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