Consultation in relation to the above was completed by the end of July with 2000 responses. Outcomes from this are expected by November. Press speculation has cited teachers as being possible beneficiaries. No confirmation has been given that teachers would be eligible or how much would be available. Conventional Shared Ownership.
People can part rent and part buy homes developed by registered social landlords.
As circumstances change, people can increase their share. As above, except people can choose a home from the private sector, finding a social landlord to take on the part they cannot afford to buy. The Cash Incentive Scheme. Local authorities offer grants to tenants for purchases of homes in the private market. The pot only has 250 million for the scheme over the next 3 years.