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  6. Why has the shared equity been converted to shared ownership?

Why has the shared equity been converted to shared ownership?

Answer
Posted by Lambeth Council 5sc on November 15, 2016

This is explained at the back of the Key Guarantee booklet for homeowners. A change in legislation has meant that shared equity is now formally defined as a financial product, which only financial services organisations are able to offer.  The council does not intend for Homes for Lambeth to be a financial services organisation.

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The estate regeneration programme is part of the council's drive to build Better Homes. You can find out more at Lambeth.gov.uk/betterhomes

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