Brokerage Just Mortgages has noticed growing demand for shared ownership, with the first quarter outperforming the same period last year.
The firm said that not only are new build enquiries and mortgage numbers up on 2024, they continue to increase year-on-year.
Alongside the change in stamp duty thresholds, the change was attributed to growth to increasing demand for the Shared Ownership scheme.
Paul Wilson, business development director at Just Mortgages new build & shared ownership, said: “Our strong start to the year reflects the direction of travel in the new build space and the growing momentum behind shared ownership as a proposition and a way to finally get on the housing ladder.
“It remains a key driver behind our leads and enquiries, as well as the conversations we have with clients and those we meet at events. As ever, appetite is not the issue but ability and Shared Ownership is certainly helping to answer this.
“Just Mortgages New Build & Shared Ownership continues to grow from strength to strength to meet this demand, increasing our adviser head count and developing fantastic partnerships with lenders, developers, introducers and housing associations across the country.
“Alongside the government’s emphasis on housebuilding, developers remain proactive and keen to support deals, while availability and support for Shared Ownership among lenders and housing associations only continues to increase. From our perspective, it’s certainly an exciting time in the new build space.”
Shared Ownership, affordable housing and the government’s progress towards its housebuilding target will be on the agenda as Just Mortgages returns with its new build and affordable housing event, which will take place on Thursday, 24th April at St Mary’s Church in Marylebone. Alongside panel discussions, speakers already announced include Frances Haque – the chief economist at Santander, Alex Slater – commercial director at Rightmove, Neil Rose – CEO of the Home Builders Federation and Emma Fletcher – low carbon homes director at Octopus Energy.
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