Does anyone know why the shared ownership and affordable housing stopped?
I bought my first home years ago on the affordable housing scheme. As a single applicant on my salary I would never have been able to afford to buy otherwise. I know 2 other people who bought the same way. Both are still in their homes.
At the time I got my mortgage through the council. I believe it changed then and applicants applied through their bank of choice.
But I felt it was a great way for those on low incomes to actually be able to buy. There was a hefty clawback though to the council if you sold but at the time those who were willing to come off the council housing list and buy through these schemes were able to avail of a much lower clawback %.
I would really like to see better options to buy for those who want too, be they single people, families/couples on low incomes. We should be trying to get people off the housing lists imo.