Mr. Michael Layde:

It applies equally to people with local authority mortgages. There are specific complexities in the question of shared ownership because of the model used, which involved rental and mortgage elements. We are examining this issue with a view to finding solutions. As an interim step, we have made it clear to local authorities that the MARP is available to people in shared ownership arrangements, including a mortgage-to-rent option if appropriate to a person's circumstances. The same solutions that are available to other distressed mortgage holders are, where possible, available to those in shared ownership arrangements, but the unique aspects are difficult to unravel. We are trying to find out how to do so and hope to be in a position to address that subset of people fully in the coming months.