Censeo Financial have put together a document outlining the relevant changes within the capital funding guide.
This originally started as a piece of work that Censeo were going to use internally for their team, but they thought there would be no harm in sharing it with our NSG members and sector.
There is a fair amount of confusion regarding the changes and all stakeholders seem to have differing views and perceptions in this regard.
We would like to be in a place where there is a consistent approach towards outcomes which are customer centric and will therefore lead to keeping the integrity of the shared ownership product intact.
The purpose of this document is to breakdown and simplify the changes so that there is better understanding of requirements and processes that need to be adhered to.
We have tried to summarise everything that we feel is relevant with some colour coding
Black - Censeo Narrative
Green - Homes England slides
Blue - CFG policy
There are sections include:
Introduction
Reasons for change
The use of Professional Advisers
Methodology and calculators
Assessing Affordability and Sustainability
Other Changes
GLA and CFG
Hopefully , this is a step to get everyone working towards best practice in a similar fashion .
Any questions regards this document please contact Rupi Hunjan rupi@censeo-financial.com