We all hear about how demographics in the UK are changing. The Office for National Statistics have projected that by 2030, we are expecting to see 2.5 million more people aged 65 or over than at the start of the decade – an increase of nearly 20%. An estimated 16.8 million people in the UK have a disability or long-term health condition – that’s 24% of the UK population. Yet our sector represents a higher proportion of people with disabilities – 29%.

Why does this matter?

Having been a carer since childhood, I have seen firsthand how important an accessible home is to help older people and disabled people of all ages live well. I have also witnessed it conversely, an inaccessible home can have severe, adverse implications on the health and wellbeing. Unsuitable housing options can delay hospital discharge. Not only does this put pressure on our NHS, but most important to remember, it takes away that person’s independence and freedom.

How can shared ownership help?

For many people, social rent is the right option, which is why housing associations are working to deliver the biggest boost to affordable housing in a generation. However, shared ownership schemes, like Home Ownership for people with Long-term Disabilities (HOLD), are an important part of the tenure mix, to provide the security of a good home.

Affordable home ownership options are also important for those who would not qualify for social rent but are instead trapped in private rented accommodation, not in a position to afford full home ownership. More people are getting trapped out of home ownership as they age. In the decade between 2010/11 and 2020/21, there was a 70% growth in the number of people aged 55 or more in the private rented sector. Plus, we know that there are many people who own a family-sized home, but want to find something more suitable, perhaps closer to family. Older Persons Shared Ownership (OPSO) is an option for them.

What challenges do residents face?

We know that residents and housing associations face challenges with shared ownership. The building safety crisis and other factors have impacted upon the whole of leasehold. Housing associations are committed to making shared ownership work for everyone, which is why the NHF fully endorses the Shared Ownership Code.

Older people and disabled people of all ages face additional challenges, from a complicated system of adapting existing homes, through to selling a home after a loved one dies. Housing associations also face barriers navigating these processes, which is why the NHF are seeking solutions.