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• Shared Ownership and Leasehold Enfranchisement - Consultation

Housing

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Summary

This consultation describes proposed changes to current leasehold enfranchisement rules to simplify and clarify the position in relation to shared ownership. The proposals would remove the possibility of shared owners being able to enfranchise (buy their freehold) before they have bought 100 per cent of a property under the terms of their shared ownership lease.

It also proposes a power to restrict staircasing (the purchasing of additional equity shares) on shared ownership properties in certain limited geographical areas in future. This would ensure that particular properties remain affordable and available on shared ownership terms in perpetuity. The use of this power would be limited to areas where this type of housing was particularly difficult to replace.

Please send any comments on the paper, (including the Partial Impact Assessment at Annex A) to arrive by 19 October 2007. Unfortunately we cannot extend this deadline.

If you are replying by e-mail please include the words 'Consultation - Leasehold Enfranchisement' in the subject line.

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