Marilyn DiCara

Over 44% of households buying shared ownership homes have incomes of under £25,000 and nearly a quarter have incomes of under £20,000, according to new data released today.

The figures, which come from a new research report by a group of 21 housing associations, show that just 13% of affordable homebuyers have an income of £40,000 of more. Less than 4% earn £50,000 or more.

Whichever party wins the general election next month, they must ensure that funding remains readily available for a wide range of affordable homeownership schemes aimed at helping first-time buyers gain a first step onto the property ladder, according to a leading group of affordable home developers.