How You'll Benefit
There is little doubt that Shared Ownership will become
an increasingly popular housing solution for disabled people.
Government is keen to increase home ownership in the population
at large and the recent Green Paper on the future of adult
social care makes it clear services that meet the needs
of individuals will be in high demand. Many Local Authorities
have already included Shared Ownership in their strategic
plans for disability services.
As we mentioned in our vision statement, we want to create
a true market for people who have a disability,
who want to buy a home of their own using a mortgage. Our
basic premise is that if we produce demand - the circumstances
whereby a disabled person can access the necessary resources
to part-buy a home - this will in turn create a supply of
suitable property.
We've spoken to a number of Housing Associations who in
the past have been keen to provide Shared Ownership homes
for disabled people, but have been concerned about demand.
Indeed, we've spoken to some Housing Associations who've
responded positively to Commissioners's assessments of need
by producing Shared Ownership homes, only to find they cannot
sell the property.
Our approach means you'll be responding to real demand,
rather than assessed need. Every referral we make to you
will be from a disabled person who has access to the necessary
resources to part-buy a home of their own. We achieve this
by:
- Having their Care Manager reassess their needs to confirm
they'll be suited to move to a Shared Ownership Home and
they'll receive the right level of support to allow them
to live independently
- Checking their entitlement to: Income Support, to guarantee
the payment of their mortgage interest; Housing Benefit,
to cover the rent due on the non-purchased share of the
property
This gives you the opportunity to expand your business
at minimal risk. The opportunity is immense. Around 1.1m
disabled people claim Income Support and potentially have
access to the resources to buy their own homes.
It also gives you the opportunity to create innovative
responses to tenders for new business and provides an ideal
re-provisioning solution for stock that is no longer fit
for purpose.
It’s also worth remembering people who purchase a
Shared Ownership Home get support from start to finish,
to ensure a smooth and easy transaction. Full details can
be seen on our consumer
website. |
