Shared Ownership Schemes: Energy

(asked on 17th October 2023) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the impact of energy costs on the purchase of shared ownership extra care schemes.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 25th October 2023

All shared ownership applicants must complete an affordability assessment with an independent, accredited financial adviser before completing their purchase. This assessment is designed to establish the size of share that the applicant should purchase and to ensure that they have the financial resources necessary to meet their ongoing housing costs over the long term.

Energy prices have come down 23% since their peak and the Government spent around £40 billion to cover around half a household's typical bill last winter, plus extra targeted support for older and disabled people. We are still providing extra support for those who need it most.

Reticulating Splines