Shared ownership is not on buyers’ radar, says Halifax

Almost three-quarters – 72% – of would-be house buyers would not consider a shared equity or shared ownership scheme, research from Halifax shows.

Of those who said they were against such schemes, 26% cited the main reason being not wanting to rely on someone else to help them buy a home.

In second place, 19% of respondents thought it was too expen-sive to have a mortgage and rent.

And a further 15% didn’t want to live in areas where the properties were on offer. Just 6% argued that it was because of any stigma attached to the schemes.

Stephen Noakes, commercial director for mortgages at Halifax, says: “Affordable housing provides a great leg-up onto the property ladder and shouldn’t be overlooked.

“For those who think they are priced out of the market we would encourage them to consider an affordable housing scheme.”