Shared ownership schemes can be complex and not always fully understood by people who enter into them, a report from a spending watchdog has found. The schemes offer a government-backed way to support ...

The National Audit Office (NAO) has warned that many residents who jump into shared ownership do not fully understand the “longer-term financial risks”, particularly concerning service charges.

The code has been designed to intersect with existing regulations and legal requirements, and focuses on transparency and service quality. SOC chair Ann Santry, said: “Our aim is that the code will ...

The shared ownership market is complex for homeowners to understand and lacks essential data for proper oversight, the National Audit Office (NAO) has found. The NAO singled out a lack of market data, ...

Add Yahoo as a preferred source to see more of our stories on Google. Shared ownership schemes can be complex and not always fully understood by people who enter into them, a report from a spending ...

Weaknesses in information mean that government does not yet have a full understanding of how shared ownership works for consumers, the NAO said. Sign Up and be kept in the loop each and every day with ...

Weaknesses in information mean that government does not yet have a full understanding of how shared ownership works for consumers, the NAO said. Sign up for the top news stories every day to keep you ...