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Shared ownership

Shared Ownership

Shared ownership enables you to buy a share in a property whilst paying rent on the remainder.  The share is usually 25%, 50% or 75%.

 

Most people will still need a mortgage for the purchased share.

 

Shared ownership schemes are usually offered by Housing Associations and the rent is payable to them.  You will have to meet their criteria, but every scheme is different.

 

Most schemes enable you to increase your share in the property at a later date when you can afford to.

 

To find out more about shared ownership click on the link below and open a new window to go to the site

 

www.shared-ownership.org.uk