Low cost home ownership

1. Accommodation is low cost home ownership accommodation if two conditions are satisfied.1Housing and Regeneration Act 2008 s 70(1)

2. Condition 1 is that the accommodation is occupied, or made available for occupation, in accordance with:2Housing and Regeneration Act 2008 s 70(2)

  1. shared ownership arrangements,
  2. equity percentage arrangements, or
  3. shared ownership trusts.

3.  Condition 2 is that the accommodation is made available in accordance with rules designed to ensure that it is made available to people whose needs are not adequately served by the commercial housing market.3Housing and Regeneration Act 2008 s 70(3)

« Back to Index

Notes   [ + ]