The Shared Ownership Council has launched a consultation on a new shared ownership code of good practice, with the aim that providers of shared ownership homes will adopt it.

The SOC acknowledges that while shared ownership plays a “major role” in addressing housing supply and affordability, it “isn’t working well for everyone”.

The council describes the code as “a step on the reform journey” for shared ownership, emphasising that “consumers considering shared ownership and those already involved deserve consistency, high standards of information, transparency, and support”.