Shared futures taking home-ownership forward through shared equity
Language: English Series: Housing Finance ; (64) Winter 2004, 19-30(12)Publication details: 2004Subject(s): Summary: Sets out the case for more Low-Cost Home-Ownership (LCHO) opportunities and flexibility in support of aspiring home owners such as first-time buyers or key workers and opens up the idea of a new partnership between mortgage lenders and government to develop a substantial equity loan market alongside conventional mortgages. Outlines the market context, the scale of current LCHO programmes, the reasons for a new equity loan approach, the potential demand for a new loan product, and the risks and rewards of equity loans. Compares in conclusion the options for developing the range of the UK mortgage market including extending current offerings such as Homebuy and building a new LCHO equity loan market. Charts and tables cover housing affordability, Homebuy units, dwellings by tenure and affordability of equity loan. References.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68643 (Browse shelf(Opens below)) | 1 | Available | 128504-1001 |
Sets out the case for more Low-Cost Home-Ownership (LCHO) opportunities and flexibility in support of aspiring home owners such as first-time buyers or key workers and opens up the idea of a new partnership between mortgage lenders and government to develop a substantial equity loan market alongside conventional mortgages. Outlines the market context, the scale of current LCHO programmes, the reasons for a new equity loan approach, the potential demand for a new loan product, and the risks and rewards of equity loans. Compares in conclusion the options for developing the range of the UK mortgage market including extending current offerings such as Homebuy and building a new LCHO equity loan market. Charts and tables cover housing affordability, Homebuy units, dwellings by tenure and affordability of equity loan. References.