A timely boost from Halifax

"Any positive move by the UK's biggest mortgage lender brings confidence to the market, so Halifax's announcement that it is increasing its loan-to-value threshold for shared ownership mortgages is a timely boost.

"Halifax continues to recognise the important role shared ownership is playing in making Britain's housing market fairer and more aspirational.

"The hope is that the move will impact the sector in two positive ways.

"First, it should bring shared ownership within reach of more home-seekers up and down the country. It should also increase competition, potentially encouraging more lenders into the shared ownership market and making the rates on offer more competitive."

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