Tories seek widening of shared ownership

Speaking at a Conservative Party first-time buyers summit yesterday, organised by PR consultancy Cicero, Tory leader David Cameron said a homeowner “revolution” was needed to help young people onto the property ladder. More specifically, without actually citing it as that, he suggested a return to the right-to-buy scheme – described as “rent to own” - in which “households could turn their rent payments into mortgage payments, and so in time social tenants would own their homes”. Officials at Scottish Widows Bank attending the event say comments delivered off the cuff suggest the issue of ...