Lambeth Council Estate Regeneration
  • Homes for Lambeth
  • Design principles
  • The Key Guarantees
  • Projects
  • Updates
  • Events
  • Faqs
  • Contact
  1. Home
  2. Style guide
  3. Key Guarantees
  4. Improved Key Guarantees
  5. Key Guarantees Q&A
  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.

Does this answer your questions? If not get in touch

Key Guarantees
Was this helpful?
Tweet

 

The estate regeneration programme is part of the councils drive to build Better Homes. You can find our more at: Lambeth.gov.uk/betterhomes

 

Created with NationBuilder