星空传媒

The article "New mortgage threat to low-cost homeownership schemes" (17 April, page 14), regarding a potential threat to low-cost homeownership posed by long-term, fixed-rate mortgages, rather misses the point.

I am sure that many of those requiring access to homeownership in London and the South-east via shared ownership would welcome access to such products to assist them in buying a shared-ownership home.

The point, of course, is that terms and rates are largely irrelevant to a growing number of people such as key workers who, because of their salaries, are unable to access sufficient funding to buy a suitable home. The government's welcome focus on low-cost homeownership reflects the fact that many of those workers vital to sustaining local communities are priced out of the market even at a time of relatively low interest rates.

I am sure all of us involved in providing low-cost homeownership would welcome dialogue with lenders to make our product even more affordable.