In today’s Spending Review, the Chancellor announced 135,000 Help to Buy: Shared Ownership homes will be created.

The review claimed it will allow more people to buy a share in their home and buy more shares over time, as they can afford to.

The scheme will be open to all households earning less than £80,000 outside London and £90,000 in London, and will relax and remove previous restrictions such as local authorities’ rights to set additional eligibility criteria.