Limit rent charges on new shared ownership properties to ground rent

Closed 136 signatures

What the petition asks

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.

Timeline

7 Jul 2022	Petition opened for signatures
21 Jan 2023	Closed to new signatures

Key facts

Signatures 136

Status Closed

Opened 7 Jul 2022

Closed 21 Jan 2023

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