What is shared ownership?
Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
To find out more about shared ownership visit www.sharedownership.net The website is packed with information explaining what it is, who it’s for, how it works and how it compares with buying on the open market and renting privately. There’s also lots of useful information to help answer all your burning questions.
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