@sharedownersnet.bsky.social
Uniting shared owners. We campaign to make our homes affordable & our landlords accountable. Join us ➡️ tinyurl.com/SharedOwnersNetwork
A shared owner wrote to the Committee about the financial & emotional impact of trying to sell their flat.
🖋️ "This case is not unique. It highlights systemic failings within shared ownership."
@matthewpennycookmp.bsky.social shared owners need buybacks and a statutory right to exit the scheme.
You can read the written evidence submitted to the Housing Committee on their website.
committees.parliament.uk/work/9247/af...
🚨 Association of Mortgage Intermediaries warning about shared ownership:
"While the model is designed to reduce entry costs by allowing buyers to purchase a share of a property and pay rent on the remainder, the overall affordability is often questionable."
#mortgages
#SharedOwnership
You can read the written evidence submitted to the Committee on their website.
There is a stark contrast between what registered providers and their representatives say about the shared ownership scheme and the lived experience of shared owners.
committees.parliament.uk/work/9247/af...
🖋️ "Shared Ownership, as it currently exists, is not a genuinely affordable or secure route to home ownership. It has been marketed as a stepping stone but has in practice become a trap for many people like me."
Written evidence submitted to the Housing Committee.
Affordability of Home Ownership inquiry
🆕 Our written evidence to the House of Commons Housing Committee inquiry has been published.
#SharedOwnership
committees.parliament.uk/writtenevide...
Shared owners who sublet will not be penalised if their sale falls through.
But the Govt must do more to help victims of the building safety crisis. This should include changes to unfair RICS valuation rules and funding for buybacks of unsaleable flats.
www.insidehousing.co.uk/home/shared-...
📤 Our next email update will focus on subletting and buybacks.
Are you a shared owner?
Join us ⬇️
🔗 tinyurl.com/SharedOwnersNetwork
📢 SHARED OWNERS
Issues with resales, staircasing, lease extensions, subletting, valuations, or anything else?
👉 Write to the Government.
Use their online form ⤵️
www.gov.uk/guidance/con...
We look forward to meeting Steve Reed MP and @samanthadixonmp.bsky.social today.
Much more needs to be done to support shared owners trapped in the building safety crisis.
Our heartfelt thanks go to Lord Young for his leadership and determination to protect shared owners from financial hardship.
We would also like to thank Ministers @sharonstevenage.bsky.social and @matthewpennycookmp.bsky.social, as well as officials, for listening to our concerns.
🆕 BREAKING NEWS
We won❗🎉
The Government has finally accepted Lord Young's amendment to the Renters' Rights Bill.
Shared owners who are accidental landlords will be exempt from the 12-month ban on reletting if their sale falls through.
#BuildingSafetyCrisis
🗓️ The Renters' Rights Bill will be back in the House of Lords on 14 October.
Lord Young of Cookham has again tabled an amendment to protect shared owners who are accidental landlords because of the building safety crisis.
This is what the Minister said in Parliament last month.
All we want is a way out of this dreadful trap.
It has been mis-sold to thousands of people.
It's not affordable. It's exploitative. It's unethical. Stop funding more of it.
Words are cheap @matthewpennycookmp.bsky.social I thought Labour would help.
We're stuck in a one bed flat we will probably never be able to sell.
What are you doing to help shared owners?
🗨️ @matthewpennycookmp.bsky.social "I’m giving an incredible amount of thought to how we improve the experience for shared owners."
Will existing shared owners benefit, or will they be left behind❓
🚨 Too many can't sell and can't afford their service charge.
www.insidehousing.co.uk/news/news/ho...
This is the reality for Leaseholders
➡️We are not seeing 👀 change
➡️We are not feeling change
Leaseholders have waited long enough
5 MILLION leaseholders will judge @teamlabouruk.bsky.social by their actions, not their words
⛓️LEASEHOLDERS REMAIN TRAPPED
#Lab25 #Leasehold
Are you a shared owner?
📨 Don't miss our next email update.
Join us ⬇️
#SharedOwnership
tinyurl.com/SharedOwners...
📢 SHARED OWNERS
❓ Issues with resales, staircasing, lease extensions, subletting, valuations, or anything else?
👉 Write to the Government.
Use their online form ⤵️
www.gov.uk/guidance/con...
🔴 VALUATIONS
@libdemdaisy.bsky.social asked the Govt whether staircasing valuations can be appealed with evidence of significant variations between RICS valuations and actual sale prices of similar properties.
#SharedOwnership
Answer here ⤵️
questions-statements.parliament.uk/written-ques...
📢 SHARED OWNERS
❓ Issues with resales, staircasing, lease extensions, subletting, valuations, or anything else?
👉 Write to the Government.
Use their online form ⤵️
www.gov.uk/guidance/con...
❌ Unfortunately, the Minister REJECTED an amendment to protect shared owners who are accidental landlords.
👉 We've repeatedly warned the Government: some shared owners will lose their home as a result.
#RentersRightsBill
hansard.parliament.uk/Commons/2025...
🗨️ @matthewpennycookmp.bsky.social
"I know from my own efforts to support shared owners in my constituency of Greenwich and Woolwich that those affected by the building safety crisis often face unaffordable costs, often with no viable exit route other than a distressed sale."
#SharedOwnership
The Renters' Rights Bill returns to the House of Commons today.
In July the @UKHouseofLords adopted an amendment to protect shared owners who are accidental landlords.
The Govt is expected to reject it.
Join the Shared Owners' Network ⬇️
🔗 tinyurl.com/SharedOwnersNetwork
Are you a shared owner❓
Get our email updates with news on:
☑️ Buybacks
☑️ Valuations
☑️ Subletting
☑️ Resales
☑️ Lease extensions
☑️ Building safety
🔗 Join us. Link in next post.
#SharedOwnership
⚖️ Shared owners won a court case against their housing association, Notting Hill Genesis, who charged them for services they don't have access to.
❌ The housing association is now appealing the ruling.
#SharedOwnership
📢 SHARED OWNERS
Issues with resales?
👉 Write to the Ministry in charge of the shared ownership scheme.
Use their online form ⤵️
www.gov.uk/guidance/con...
Shared Owners' Network
Are you a shared owner?
Don't miss our next email update.
Join us ➡️ tinyurl.com/SharedOwners...
🚨🚨 Today is your last chance to tell the Committee what you think about the #SharedOwnership scheme
⬇️⬇️⬇️
