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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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For general enquires, please visit lambeth.gov.uk and for matters relating to Housing Management please visit housingmanagement.lambeth.gov.uk

Faced with a lack of money for refurbishment and a serious shortage of genuinely affordable homes, the Lambeth Council is taking a lead in bold, but necessary, decisions like estate regeneration to build better homes for our existing tenants and more homes for the wider community - find our more. 

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