Information on shared ownership needs to be regularised and simplified, to improve shared owner satisfaction and bring more lenders to this still “niche” market, evidence shared during a select committee has suggested.

Witnesses giving evidence at the Leveling Up, Housing and Communities (LUHC) select committee’s inquiry into shared ownership suggested that a body that provides standardised information about shared ownership, including details about mortgages, rents, service charges and repairs, needs to be created.

Helen Spencer, executive director of growth at Great Places Housing Group, Clare Miller, chief executive of Clarion, Oliver Boundy, executive director of development at Anchor and Professor Stanimira Milcheva, professor in real estate finance at University College London, all gave evidence in the second of two panels at a select committee on 4 December.