The Shared Ownership Code
After months of hard work, we are excited to launch our Shared Ownership Code. The updated version of our Code has taken onboard consumer and industry feedback from our comprehensive consultation process, to ensure it is impactful for shared owners and practical for providers to implement.
The Shared Ownership Code (the ‘Code’) is a cross-industry initiative designed to standardise best practices and consumer protection for shared ownership. Covering all types of organisations that interact with shared owners, it aims to ensure transparency, fairness, and improved support for shared owners in marketing, purchasing, and management of homes. The Code will be open for organisations to adopt on a voluntary basis.
The current version of the Code has been developed through extensive consultation and will be piloted from November 2024 to March 2025. We expect that learning from the pilot will lead to refinements to the Code, as well as helping us add specificity in some places. Additional guidance will also be developed during the pilot period.
Future Codes will extend to stakeholders such as lenders and mortgage intermediaries, with pilots starting in early 2025. The final Code and its membership structure are set to launch by summer 2025.
For more information about the Code, contact The Shared Ownership Secretariat
The documents…
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The Shared Ownership Code
This publication is the Shared Ownership Code that will be piloted by providers from December 2024 to March 2025.
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Shared Ownership Code: Overview
This one-pager provides an easy-to-read overview of the Shared Ownership Code.
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Consultation Report
This is the report from the consultation that engaged consumer and industry stakeholders which was used to create the Shared Ownership Code.
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Consumer Survey Findings
This document includes consumer findings from the consultation process used to help reiterate the draft Shared Ownership Code (originally released in June 2024).