The next housing crisis: Shared ownership

Shared owners face a triple whammy: rising mortgage payments, increased rent on the portion they don’t own, and ever-rising service charges. And worst of all? They virtually can't get out.

The Conservative Party knows its audience, so it was no surprise to see Jeremy Hunt ushering mortgage lenders into a negotiating room last month, desperate to find ways to soothe the pain of interest rate rises for homeowners.

Knowing he needed to avoid a wave of home repossessions just months before a general election, the chancellor thrashed out a ser…