This petition was submitted during the 2019-2024 parliament
Rejected petition Remove premiums on shared ownership housing for first time buyers.
The whole point in shared ownership is to help those with lower incomes to be able to get onto the property ladder by having a smaller deposit. Premiums (which must be paid on top of the deposit and cannot be added to the mortgage) are far to high which contradicts the point of shared ownership.
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There is no one else to help with this as even the councils are adding premiums onto shared ownership housing. With the cost of living the way it is, owning a home has become impossible.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
Petitions need to call on the Government or Parliament to take a specific action.
We understand that you're concerned about the cost of shared ownership properties, but we're not sure what you mean when you refer to a "premium" that is added to the price of shared ownership properties.
You could start a new petition explaining more clearly what you would like the Government or Parliament to do.
We only reject petitions that don’t meet the petition standards.