Statement by SOC’s Chair in response to publication of the LUHC Committee report on shared ownership

Ann Santry’s, Chair of the Shared Ownership Council, statement in response to publication of the cross-party LUHC Committee report on shared ownership

The Shared Ownership Council (SOC), an industry led initiative, welcomes the publication today of the cross-party LUHC committee report into shared ownership. The work of the SOC to develop a consumer-facing code with clear and consistent standards aligns with the need identified in the report for a better deal for consumers in terms of access to advice and information. 

We believe that an improved consumer experience of shared ownership can lead to a better and bigger shared ownership market that offers many more households a positive route to full ownership. We acknowledge the need for further reforms of the tenure to help shared ownership fulfil its potential as an affordable home ownership model. 

About the Shared Ownership Council

The Shared Ownership Council (SOC) is an industry-led initiative aiming to improve consumer experience of shared ownership, ensure best practice and drive clarity and consistency in the information available to consumers; and support the growth of this tenure to broaden access to home ownership.