b'3.0 / Market overviewSO Resi by Metropolitan Thames Valley 3.0 / Market overviewSO Resi by Metropolitan Thames Valley3.0 / Market overviewAccording to MHCLG data, in 2018/19 the average initial stake purchased was 42%. Leases and chargesThe size of the initial stake varies greatly depending on the region with buyers in the SouthA 125-year lease is the most common among housing associations with an average service tending to buy smaller initial shares as house prices are generally higher.charge of 595 per year. Table 7Financial Data on Shared Ownership, 2014/15-2018/19 Figure 3 Staircasing rates 2012-19Table 7Financial Data on Shared Ownership, 2014/15-2018/ 19 YearMarket ValueInitial EquityInitial EquityMortgageCash per dwellingStakeStakeDeposit PurchasedPurchased2014-15232,00043%96,20076,40020,000 2015-16252,80042%101,60081,70021,400 2016-17252,50043%104,90084,80020,200 2017-18262,50043%108,20089,20019,600 2018-19265,00042%108,10085,30024,600 Source: MHCLG Live Table 697 Figure 2Proportion of buyers purchasing an initial share of 60%+ by region (2014-15 to 2018-19)Some 2-3% of owners staircase to 100% of the value of their property each year. The data suggests that the majority of shared owners who are going to sell, tend to do this within the first five years but a larger number remain in their property for the longer term.Arrears and repossessions CA At the time the research was conducted (Autumn 2020) 9.1% of shared owners were in arrears with two thirds of housing associations who responded reporting that arrears had increased compared to the previous year.Over a five-year period, the data supplied by housing associations shows a repossession rate of 26 shared ownership properties per year. While stock levels have undoubtedly increased making it difficult to draw direct comparisons, the data supplied for the current financial year suggests repossessions are on the rise.References(Table 7) Data on Shared Ownership, Analysis from RSM, 23 October 2020 References(Figure 2) Data on Shared Ownership, Analysis from RSM, 23 October 2020 (Figure 3) Data on Shared Ownership, Analysis from RSM, 23 October 202010 / Shared Ownership Market Review 2020In conjunction with Cambridge University Shared Ownership Market Review 2020In conjunction with Cambridge University / 11'