Housing associations have warned the government’s changes to the shared ownership model have put additional costs on providers and risk impacting the viability of schemes.

They have said that recent changes introduced to the model, including a 1% staircasing option, the repairs allowance of up to £500 per year for 10 years and the 10% initial purchase share have increased the affordability of the shared ownership product for buyers, but places added costs onto registered providers.

In written evidence submitted to the Levelling Up, Housing and Communities (LUHC) committee’s inquiry on shared ownership, multiple housing associations noted the need for more grant funding to deliver shared ownership properties in the current economic climate.