PARLIAMENTARY WRITTEN QUESTION
Shared Ownership Schemes: Rents (7 November 2023)

Most registered providers of social housing chose to limit voluntarily annual rent increases for their shared owners in 2023-24 to no more than 7%. Though the department was clear in its discussions with the sector that we expected them to take reasonable and responsible decisions at a time when many shared owners were facing pressures on their finances, we recognise that the decision to engage in this voluntary arrangement was one for individual providers to take independently. Rent increases for shared owners will continue to be based on the terms of their lease agreements with their providers.