Interoperability optimisation for shared equity housing model development and FTB homeownership in the UK

Ayoade, OA; Ahmed, V; Baldry, D

Abstract

Purpose – This paper assessed financial interoperability implications associated with First Time Buyers (FTB) in housing development and the role of the Community Land Trust Shared Equity Housing Model (CLT SEHM).

Design/Methodology/Approach – The Interoperability optimisation process adopted by this study involved triangulated findings from literature, semi-structured interviews and questionnaire surveys. The text analysis of interview responses was actualised with Nvivo 9.0. This process informed the validation of themes through a questionnaire survey (purposive sampling), of which findings were subsequently analysed with statistical methods including binary logistic regression to validate interoperability rational and implications.
Findings – The study identified positive financial interoperability outcomes for a successful synergy between the CLT SEHM and FTBs. From the analysis, there were sustainable results for average income multiple and property transfer/resale value for the CLT SEHM compared to conventional models. However, for the most at risk FTB groups, recommendations included increased concessions for CLT SEHM developments to incentivise bespoke rent purchase hybrid schemes.
Originality/value – This research provided a good starting point for achieving improved level of efficiency necessary for the introduction of emerging/renewed alternative housing models into mainstream operational capabilities in housing and local development policies.

Keywords – UK Housing Development, First Time Buyers (FTB), Interoperability, Community Land Trust, Shared Equity Housing Model, Binary Logistic Regression model

Citation

Ayoade, O., Ahmed, V., & Baldry, D. (2019). Interoperability optimisation for shared equity housing model development and FTB homeownership in the UK. International Journal of Housing Markets and Analysis, 12(4), 558-580. https://doi.org/10.1108/IJHMA-12-2017-0110

• Journal Article Type: Article
• Acceptance Date: Mar 29, 2018
• Online Publication Date: Jun 22, 2019
• Publication Date: Aug 5, 2019
• Deposit Date: Jun 20, 2018
• Publicly Available Date: Oct 13, 2020
• Journal: International Journal of Housing Markets and Analysis
• Print ISSN: 1753-8270
• Publisher: Emerald
• Volume: 12
• Issue: 4
• Pages: 558-580
• DOI: https://doi.org/10.1108/IJHMA-12-2017-0110
• Publisher URL: https://doi.org/10.1108/IJHMA-12-2017-0110
• Related Public URLs: https://www.emeraldinsight.com/loi/ijhma