Evaluating Legal Models of Affordable Home Ownership in England

Chapter in Michael Diamond and Terry Turnipseed (eds), Community, Home and Identity (Ashgate, 2012)

Oxford Legal Studies Research Paper No. 52/2013

39 Pages Posted: 11 May 2013  

Susan Bright

University of Oxford - Faculty of Law

Nicholas (Nick) P. Hopkins

University of Southampton - School of Law

Date Written: August 10, 2011

Abstract

In this chapter we analyze the legal routes used to deliver Low Cost Home Ownership in England where there is some element of public subsidy involved. In order to evaluate the various products used for LCHO (right to buy, part-ownership, co-operative housing models), this chapter:

a) Explains the legal frameworks used to deliver the main LCHO products available in England;

b) Explores the potential benefits of home ownership to the individual in the form of wealth creation, "mainstreaming" and security of place;

c) Sets out key additional policy objectives of LCHO, in particular introducing and supporting tenure mix (sustainable communities) and sustaining the opportunity for continued use of the subsidy to provide access to LCHO for intermediate income households; and

d) Evaluates the extent to which the different products available deliver both the individual benefits of home ownership and support the wider policy objectives.

Keywords: low cost home ownership, affordable housing, shared ownership, shared equity, co-operative housing

Suggested Citation

Bright, Susan and Hopkins, Nicholas (Nick) P., Evaluating Legal Models of Affordable Home Ownership in England (August 10, 2011). Chapter in Michael Diamond and Terry Turnipseed (eds), Community, Home and Identity (Ashgate, 2012); Oxford Legal Studies Research Paper No. 52/2013. Available at SSRN: https://ssrn.com/abstract=2263246

Susan Bright (Contact Author)

University of Oxford - Faculty of Law ( email )

St. Cross Building
St. Cross Road
Oxford, OX1 3UJ
United Kingdom

Nicholas (Nick) P. Hopkins

University of Southampton - School of Law ( email )

Southampton SO17 1BJ
United Kingdom

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