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"It is also important that shared equity scheme owners can also continue make their rental payments".
"Only two lenders are currently actively supporting the Help to Buy shared equity scheme, but at least two more are set to do so this month.
Places for People, the largest housing and regeneration organisation in the UK, welcomed the shared equity scheme and said the move would help more people afford the home they wanted.
The measures included: a mortgage rescue scheme to help the most vulnerable families at risk from repossession, a shared equity scheme aimed at helping first-time buyers, called Home Buy Direct, where government and developers would offer a loan of up to 30%, and bringing hundreds of millions pounds forward to allow social landlords and councils to build more affordable homes.
The shared equity scheme will apply to homes worth up to £400,000 in Scotland.
The Scottish government has unveiled a new shared equity scheme designed to help people get onto and up the housing ladder.
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A further £100m will be used to offer more shared equity schemes.
He said the housing minister, Yvette Cooper, would invite housing associations, local authorities, builders and building societies to offer shared equity schemes.
However, the pre-budget report small-print refers to exploring possible reforms that might allow some people, if they are buying through official "shared equity" schemes geared to public-sector workers, to escape paying the tax.
The director general of the Building Societies Association (BSA), Adrian Coles, said societies were already working with the government on shared equity schemes, but warned that they should be cautious about encouraging people to buy.
We know that shared equity has an increasing role to play in helping young couples in all our constituencies get on to the first rung of the housing ladder, and I can tell the House how we plan to extend shared equity schemes.
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