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Shared Equity Ownership

Volume 476: debated on Tuesday 20 May 2008

24. To ask the Secretary of State for Communities and Local Government what her assessment is of the role of shared equity ownership in helping people to purchase their first homes. (206445)

The Government’s Low Cost Home Ownership scheme ‘HomeBuy’ which is based on equity sharing has helped over 35,000 people between 2006-08. The range of products available under the scheme have helped to make home ownership affordable to first time buyers, and enabled purchasers get a foot on the property ladder.