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Co-ownership scheme will fail poor

Language: English Series: Times ; 6 January 1999, 33(2)Publication details: 1999Subject(s): Summary: Critics claim that the new Homebuy scheme will exclude those on the lowest incomes from entering into shared ownership. The new scheme requires buyers to pay at least 75% of the cost of the property, as opposed to 25 to 75% under the do-it-yourself shared ownership scheme.

Critics claim that the new Homebuy scheme will exclude those on the lowest incomes from entering into shared ownership. The new scheme requires buyers to pay at least 75% of the cost of the property, as opposed to 25 to 75% under the do-it-yourself shared ownership scheme.