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This petition was submitted during the 2019 to 2024 Parliament

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Closed Limit rent charges on new shared ownership properties to ground rent

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We believe the current shared ownership system does not work. The rent and mortgage combined can make it unaffordable for many, especially younger people. The rent element should constitute ground rent only, and not a rental charge for the share of the property the tenant does not own.

With rising mortgage rates and inflation contributing to increased rent, many low-income families are struggling to make shared ownership work. We believe this step could help tackle the housing crisis the Government is facing, and make shared ownership properties more affordable.

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    This petition will stay open until 21 January 2023.