❗37% of flats now have annual service charges exceeding 1% of their value, with real consequences for lending. Nearly 1 in 5 flat sellers sold at a loss in 2025. Leaseholders are paying the price for soaring insurance premiums and building safety costs.

Question for @matthewpennycookmp.bsky.social How many shared ownership flats have annual service charges exceeding 1% of their value?

Are you a shared owner? Follow our WhatsApp channel for updates. 🖇️ whatsapp.com/channel/0029...

Labour are still sweeping building safety risks under the carpet to protect industry, while residents remain trapped in unsafe, unsellable homes. They promised a government-backed reinsurance scheme in opposition but have yet to deliver. www.insidehousing.co.uk/news/redraft...

Let down by Labour... @vickyfoxcroftmp.bsky.social @matthewpennycookmp.bsky.social

Today as people spend time with their loved ones, as always we remember ours who were taken from us. 104 months on, and still no Justice for those lost at Grenfell. Alongside the red hearts you’ll see today, please take a moment to remember the significance of our green one💚

"The failure was allowing unsafe buildings to be put up in the first place, and then creating years of uncertainty about who pays, how much, and when. (...) If you can’t price the risk, lenders hesitate, buyers hesitate, insurers reprice, and the market seizes up."

Joshua Robbins, 23, died after falling from his balcony when railings gave way. His mother, Fiona Garrett, said she faced a long fight for answers. 🗨️ "I feel like it's going to end up like a Grenfell situation, where it's constantly passing the buck." www.itv.com/news/london/...

🏗️ Building safety crisis Thousands of shared owners are still trapped, facing subletting restrictions and no buyback funding for unmortgageable flats. Read the full update from @eocs-official.bsky.social ➡️ endourcladdingscandal.org/posts/campai... #SharedOwnership #BuildingSafetyCrisis

Grenfell survivor Ed Daffarn criticised Steve Reed MP for focusing on building 1.5million homes. 🗨️“It's a stain on this government that people are still not living in safe buildings. They need to go faster.” www.mirror.co.uk/news/politic...

Promises made, promises not kept. Our update on the building safety crisis: where we are, and what Labour still needs to change ⬇️ endourcladdingscandal.org/posts/campai...

Are you a shared owner? Join our network to receive email updates: 🖇️ tinyurl.com/SharedOwnersNetwork 🆕 You can also follow our WhatsApp channel: 🖇️ whatsapp.com/channel/0029...

❗️Our members regularly accept losses of more than 50% on what they paid for their flat — even after remediation has been completed. “For the many tens of thousands still waiting for work, it is nigh on impossible to sell at all.” www.ft.com/content/1d5d...

Great question!

A great question on shared ownership buybacks… and a Government response that completely sidesteps the issue. #SharedOwnership 🖇️ Read it here: questions-statements.parliament.uk/written-ques...

MHCLG staff: “This question is new…” MHCLG manager: “Perfect. Let’s use the old answer anyway.”

🔴 BUYBACKS An excellent question from @ruthcadbury.bsky.social ❌ Minister @samanthadixonmp.bsky.social responds… but not to the question asked. Instead, we get a copy-paste statement that will infuriate many shared owners. 🖇️ Link in next post

I expected so much more of a @teamlabouruk.bsky.social government. We’re still stuck in our unsellable, unmortgageable flat in Hackney with no end in sight. #claddingscandal

❌ Government isn’t monitoring how many shared owners can’t sell or remortgage due to the building safety crisis, points to a 3‑year-old “pledge” few lenders follow, and say they won’t “help” further. @nonqualifyinglh.bsky.social questions-statements.parliament.uk/written-ques...

These are vital questions. Every day, we receive new emails from shared owners whose lives have been torn apart by the building safety crisis. 🚫 The response from Minister @samanthadixonmp.bsky.social is particularly shocking. 🖇️ Link in next post.

Are you a shared owner? Join us to get our email updates. See link in bio. 🆕 You can also follow our WhatsApp channel. 🖇️ whatsapp.com/channel/0029... #SharedOwnership #UKhousing

Will there be meaningful change on the key issues of non-cladding defects, non-qualifying leaseholders, extortionate buildings insurance or shared ownership buybacks in 2026? We aren’t holding our breath. #BuildingSafetyCrisis

"After watching what unfolded after Grenfell, with young people caught in starter homes they can’t sell while facing huge bills, why would anyone in their right mind want to buy a flat in a block?" ✍️ @vickyspratt.bsky.social inews.co.uk/opinion/ghos...

🗨️ Baroness Thornhill: "I was obviously aware of the issues around shared ownership, but what shocked me was the actual costs incurred and the amounts of money lost" Why is shared ownership marketed as affordable housing? Where is the evidence?

Flat. Leasehold. Ex-council. Cheap. What could possibly go wrong? bit.ly/4qoBt7o I’ve seen cases where the actual upgrades and repairs are only done to the flats the council still owns but the leaseholders still have to pay their share for the scaffolding!

❌ Serious fire risks assessed as being "tolerable", homes left half-safe at best. ❌ The Government deflects to industry, flats remain unsellable, leaseholders are still trapped. The merry-go-round of buck-passing continues. #BuildingSafetyCrisis www.bbc.com/news/article...

📤 Our next email update will focus on subletting and buybacks. Are you a shared owner? Join us ⬇️ 🔗 tinyurl.com/SharedOwnersNetwork

Are underperformed heat networks poised to become the next cladding crisis for leaseholders? New govt rules will require upgrades to tens of thousands of systems... but residents will pay: www.thetimes.com/article/d81f...

Imagine being stuck in the building safety crisis AND the heat network saga that's about to unfold.

🗨️ “It’s really stressful, it’s really upsetting. It’s now been six years and I’ve lost track of how many times we’ve been told that it’s progressing or it’s moving along and still nothing’s happened." #BuildingSafetyCrisis www.bigissue.com/news/housing...

Despite strong rhetoric in opposition, Labour’s commitment to building safety is increasingly in doubt. This drift typifies Labour’s approach so far: governing by targets rather than delivering the change voters expected. #BuildingSafetyCrisis www.thetimes.com/life-style/p...

🆕 HoL Committee report on Building Safety Regulator Residents waiting for remediation are all too aware of how developers are weaponising Labour’s commitment to build 1.5m homes by creating a false dilemma between safety & meeting targets for newbuilds. committees.parliament.uk/work/9196/th...

1️⃣ year today since the "Remediation Acceleration Plan" announcement. The only "change" leaseholders have seen is a new Housing Secretary and Minister for Building Safety. MHCLG are still dragging their feet. Labour are still far from keeping their manifesto promises. #BuildingSafetyCrisis

Today we met with Building Safety Minister @samanthadixonmp.bsky.social We requested: 👉 better information on gov.uk for shared owners impacted by the building safety crisis 👉 a rethink of the RICS valuation system for resales 👉 a buyback scheme for unsellable flats.

🚫 Too many shared owners are trapped in homes they can no longer afford, with no viable exit route. Grateful to Select Committee Chair Florence Eshalomi for asking Housing Secretary Steve Reed MP about the long-term affordability of shared ownership. #UKhousing #SharedOwnership

It's... better than nothing, but the sense of complacency around the sector and at the Regulator about these pretty crappy satisfaction measures should be a cause for concern. The whole structure still excludes tenants in many of the places it was supposed to fix.

🗨️ "They really are the raw end of the market. They get a raw deal in many different ways" Baroness Thornhill is right. ❌ Far too many shared owners are trapped in properties they can't sell and can no longer afford. 👉 It is time for the Government to fund buybacks.

It's realistically only taken this long to come in because of all the time that has been allowed for 'consultation' with landlords about what is - this will sound familiar - practical rather than meaningful. These laws shouldn't be necessary and won't affect the culture issues you rightly highlight.

Why attempt to make this party political? Terrible behaviour. The rules weren't created under Labour and it really shouldn't matter either way. Outcomes of the actual policy are still very much unknown, as the unfulfilled intentions of the rest of the regulation of social housing act have shown us.

🖋️ "Shared Ownership, as it currently exists, is not a genuinely affordable or secure route to home ownership. It has been marketed as a stepping stone but has in practice become a trap for many people like me." Written evidence submitted to the Housing Committee.

You can read the written evidence submitted to the Housing Committee on their website. committees.parliament.uk/work/9247/af...

🚨 Association of Mortgage Intermediaries warning about shared ownership: "While the model is designed to reduce entry costs by allowing buyers to purchase a share of a property and pay rent on the remainder, the overall affordability is often questionable." #mortgages #SharedOwnership

I wonder if those who market shared ownership as 'affordable' will pay attention to what lenders have to say. #UKhousing

🗣️ Joe Powell MP "there are almost double the number of major cladding remediation projects awaiting gateway 2 approval than there are new builds" ICYMI - Thursday's debate on the Building Safety Regulator 👇 hansard.parliament.uk/Commons/2025...

📤 Our next email update will focus on subletting and buybacks. Are you a shared owner? Join us ⬇️ 🔗 tinyurl.com/SharedOwnersNetwork

Affordability of Home Ownership inquiry 🆕 Our written evidence to the House of Commons Housing Committee inquiry has been published. #SharedOwnership committees.parliament.uk/writtenevide...

Shared owners who sublet will not be penalised if their sale falls through. But the Govt must do more to help victims of the building safety crisis. This should include changes to unfair RICS valuation rules and funding for buybacks of unsaleable flats. www.insidehousing.co.uk/home/shared-...

As I wrote back in Feb:

We look forward to meeting Steve Reed MP and @samanthadixonmp.bsky.social today. Much more needs to be done to support shared owners trapped in the building safety crisis.

🆕 BREAKING NEWS We won❗🎉 The Government has finally accepted Lord Young's amendment to the Renters' Rights Bill. Shared owners who are accidental landlords will be exempt from the 12-month ban on reletting if their sale falls through. #BuildingSafetyCrisis