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R1ch

Shared ownership and RPI increase

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With the rise in inflation, RPI has almost doubled from 1.6 last year to 3.1 today. Common thinking is that it's only going to increase further.

But... the rental portion of shared ownership properties are often based on RPI (RPI +1% is one that I have seen a few times). Suddenly, monthly payments have become a great deal more expensive, and are seemingly set to rise further still. When 'owners' realise that their rents are creeping up, and are only set to get even more unaffordable, then surely many will throw in the towel?

Might this be an additional, much-needed blow to house prices, particularly in London?

I know HTB payments only kick in after 5 years of 'ownership', but I believe there are a great deal on non-HTB shared ownership properties around.

It'd be very interesting to hear what others think...

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