Chamber and committees

The independent evaluation by ODS Consulting identified concerns about how the shared ownership scheme met purchasers’ needs. It found that shared ownership does not offer the best value for money for either the Scottish Government or for the purchaser compared to shared equity schemes. A significant proportion of those sharing owners interviewed raised concerns about the scheme; with only half feeling shared ownership had definitely been the right option for them.

The independent evaluation of low-cost initiative for first time buyers by ODS Consulting demonstrated that in particular the shared equity schemes had delivered their objectives by meeting buyers’ housing needs. Whilst recognising that there are still some areas of Scotland where shared ownership was popular, the Scottish Government decided to focus its resources on those schemes which were effective in delivering key outcomes, such as helping first time buyers and delivering mixed communities; which offered the best value for taxpayers’ money; and which were shown to be most affordable to buyers.

The independent evaluation of low-cost Initiative for first time buyers (LIFT) by ODS Consulting found that new supply shared equity, grants for rent and ownership (GRO) and shared ownership schemes have all contributed to creating mixed communities. We will therefore still be able to support mixed communities through shared equity funding. We will also highlight examples of good practice and lessons learnt in the creation of mixed and sustainable communities in our LIFT procedures.

This information is not held centrally.

Registered social landlords (RSLs) may set up shared ownership schemes as long as they ensure good value for money and support for the sharing owner and provided that, in marketing the properties, they are careful to ensure that buyers fully understand what they are taking on. We would also expect RSLs to consider how this proposed activity fits with their overall purpose. In addition, the Scottish Housing Regulator and the Office of the Scottish Charity Regulator have recently issued joint guidance on what charitable RSLs need to consider when looking at any low cost home ownership initiative.

People buying a New Supply Shared Equity property from a registered social landlord must generally take an equity stake of between 60 and 80 per cent of the market value of the property. The grant provider may however agree to reduce the minimum equity stake to 51 per cent.

This is likely to apply where a housing market is particularly pressured, or where people with particular housing needs have identifiable additional housing costs.

I refer the member to the answer to question S4W-85 on 31 May 2011. All answers to written parliamentary questions are available on the Parliament’s website, the search facility for which can be found at http://www.scottish.parliament.uk/Apps2/Business/PQA/Default.aspx.

Highlands and Islands Enterprise is leading on the development of a local broadband plan for the Highlands and Islands region, which will include Orkney, Shetland and the Western Isles.

As this project is being led by Highlands and Islands Enterprise, and is an operational matter for them, I suggest you write to its chief executive if you require additional information.

I refer the member to the answer to question S4W-85 on 31 May 2011. All answers to written parliamentary questions are available on the Parliament’s website, the search facility for which can be found at http://www.scottish.parliament.uk/Apps2/Business/PQA/Default.aspx.