New Shared Ownership scheme: key details revealed! | Help to Buy: Shared Ownership Explained

In this video I explain the changes that are being made the Shared Ownership scheme. The new Shared Ownership model will be applied to homes that receive planning permission from April 2021. This scheme comes under the Help to Buy brand, and helps first time buyers 'own' a share of their home.

CONTENT
Welcome 00:00
What was announced? 01:40
Key details revealed on:
Reducing initial minimum share from 25% to 10% 02:30
Gradual starcasing - increase ownership by 1% 06:03
No maintenance and repair costs for 10 years 08:43
Making it easier for shared owners to sell 13:20
When will the new scheme be available? 14:36
How you can give your feedback 15:21
My thoughts on announcement 15:48

RESOURCES
Shared Ownership Scheme Revamped - https://youtu.be/qCBV2pglqoI
Government announcement - https://www.gov.uk/government/consultations/new-model-for-shared-ownership-technical-consultation/new-model-for-shared-ownership-technical-consultation

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
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TOPICS
new shared ownership model, new shared ownership scheme, new affordable homes programme, help to buy shared ownership, shared ownership explained, staircasing, what's shared ownership, shared ownership UK, panorama shared ownership, social housing, share to buy, subsidised rent, buying property, home ownership, house buying, shared ownership revamped, shared ownership changes, equity sharing, buying your first home, first time buyer uk, property ladder, self invested, shared ownership 2021, Lemuel

DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.

Видео New Shared Ownership scheme: key details revealed! | Help to Buy: Shared Ownership Explained канала Self Invested