Inside Housing: Shaun Bailey pledges ...

SHAUN BAILEY FOR LONDON

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Inside Housing: Shaun Bailey pledges 100,000 shared ownership homes if elected London mayor

The Conservative London mayoral candidate has said he will fund 100,000 shared ownership homes, to be sold at an initial share of £100,000 each.

Shaun Bailey said that if he is elected next year, he will make the homes available for first-time buyers under 40, who will be able to pay a deposit of just £5,000 to buy a share in one of the properties.

Under the government’s new shared ownership model, first announced in September last year, shared owners would then be able to increase their shares in their homes in increments as low as 1%.

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Published by Kerry Halfpenny on behalf of Shaun Bailey, both of 4 Matthew Parker Street, London, SW1H 9HQ

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