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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.”


The Mortgage Mole



Third party firms not sticking to arrears rules

Some third party outsourcing firms have been accused of failing to adhere to guidelines on arrears that the Financial Services Authority put in place in June. Kevin Friend, strategic partner-ships director at, has dealt with several borrowers who are having difficulty repaying their mortgages and loans. He says he has seen a number of […]


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