Michael Gove has announced changes to Homes England’s capital funding guide for shared ownership, allowing registered providers to recycle capital grant funding to ‘buy back’ shared ownership homes where a property sale is difficult due to building safety issues.

The changes will also permit providers to relax restrictions on the levels of rent that can be charged when a shared owner sublets their property.

In his letter addressed to registered social housing providers on 19 December, Gove said that he does not believe that it is right for registered providers to adopt a “blanket approach” to subletting.