DCN responds to technical consultation on a new model for shared ownership
The DCN calls on the Government to take steps to protect shared owners from unfair practice and excessive interest rates, calling on major mortgage lenders to make suitable products available at reasonable rates that will meet the needs of households looking to buy under the new model. We welcome the proposal for transitional arrangements, but ask government to recognise that they will increase the workload for local authority planning departments due to on-going negotiations and having the consider complex viability assessments. Consideration needs to be given to providing additional resources to planning departments to allow them to manage this increased workload.
Date: December 2020