{"id":3987,"date":"2015-02-12T09:59:40","date_gmt":"2015-02-12T09:59:40","guid":{"rendered":"http:\/\/www.tayloremmet.co.uk\/blsblog\/?p=800"},"modified":"2015-02-12T09:59:40","modified_gmt":"2015-02-12T09:59:40","slug":"consultation-proposals-to-streamline-the-resale-of-shared-ownership-properties","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/consultation-proposals-to-streamline-the-resale-of-shared-ownership-properties\/","title":{"rendered":"Consultation: proposals to streamline the resale of shared ownership properties"},"content":{"rendered":"<p>The consultation closes on <strong>28 February 2015<\/strong>.<\/p>\n<p>The Department for Communities and Local Government (\u201cDCLG\u201d) and the Homes &amp; Communities Agency (\u201cHCA\u201d) launched a consultation on proposals to streamline the resale of shared ownership properties to make it quicker and easier to sell them.<\/p>\n<p>The current provisions are perceived to have hampered the selling of shared ownership homes because:<\/p>\n<ul>\n<li>They overcomplicate the process when the householder wants a quick and straightforward transaction.<\/li>\n<li>Lenders see the process as a fetter on realising the value of the home. This has meant the market for lending on shared ownership homes is restricted.<\/li>\n<\/ul>\n<p>At the moment, if the householder wants to sell their home they must first seek, in writing, the consent of their housing provider (usually a housing association) to assign the lease. The housing provider has eight weeks in which to decide whether to nominate itself or another purchaser to acquire the interest in the lease before the home can be put on the open market.<\/p>\n<p>The opportunity on the part of the housing provider to nominate the next purchaser continues during the period of shared ownership for each owner and for 21 years after a householder has bought the property outright.<\/p>\n<p>The consultation considers how the process can be revised to reduce the delays currently caused and to simplify the procedure. In particular, it is looking at the pre-emption rights. Research has shown that housing providers do not use it as often as expected and therefore it is considered to be an unnecessary incumbrance on the title.<\/p>\n<p>More information can be found at:\u00a0 <a href=\"httpss:\/\/www.gov.uk\/government\/consultations\/proposals-to-streamline-the-resale-of-shared-ownership-properties\">httpss:\/\/www.gov.uk\/government\/consultations\/proposals-to-streamline-the-resale-of-shared-ownership-properties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consultation closes on 28 February 2015. The Department for Communities and Local Government (\u201cDCLG\u201d) and the Homes &amp; Communities Agency (\u201cHCA\u201d) launched a consultation on proposals to streamline the resale of shared ownership properties to make it quicker and easier to sell them. The current provisions are perceived to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1491,1506],"tags":[1614,1658,1731,1741,1977],"class_list":["post-3987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-property-2","category-social-housing","tag-consultation","tag-department-for-communities-and-local-government","tag-homes-and-communities-agency","tag-housing-providers","tag-shared-ownership-properties"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consultation: proposals to streamline the resale of shared ownership properties | Blogs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tayloremmet.co.uk\/blogs\/consultation-proposals-to-streamline-the-resale-of-shared-ownership-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consultation: proposals to streamline the resale of shared ownership properties | Blogs\" \/>\n<meta property=\"og:description\" content=\"The consultation closes on 28 February 2015. The Department for Communities and Local Government (\u201cDCLG\u201d) and the Homes &amp; Communities Agency (\u201cHCA\u201d) launched a consultation on proposals to streamline the resale of shared ownership properties to make it quicker and easier to sell them. The current provisions are perceived to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tayloremmet.co.uk\/blogs\/consultation-proposals-to-streamline-the-resale-of-shared-ownership-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-12T09:59:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tayloremmet.co.uk\/blogs\/wp-content\/uploads\/TaylorEmmet-Logo-BlueStacked.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Taylor Emmet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taylor Emmet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta 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