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Buying a house with a shared ownership

Can i buy a house on a shared ownership on the open market. Thanks Elaine

Asked on Jun 22 2013, General in Bristol | Report content

Answers (1)

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  • Hi Elaines58, Shared ownership schemes are run through housing associations and are not normally on offer through the open market, unless you are able to do a deal with the likes of a developer or a building firm that will allow you to purchase a certain proportion of the house and then build up your ownership over time. You can use the new filters on Zoopla search pages to display only properties where shared ownership is available. Check the link below to view Shared Ownership properties in Bristol. However, it might be worth looking into going through a housing association if you match the criteria set for the scheme. For example, you must be able to prove that you do not have the funding nor the means to afford to buy a house in full, but also that you can afford to pay for your own percentage. From there you are able to pay rent to the association on a proportional sliding scale until such times as you can afford to keep upping the percentage that you own, all the way to 100 per cent eventually. Many thanks, Scott

    Web reference: http://www.zoopla.co.uk/for-sale/property/bristol/newest/...

    Answered on Jun 24 2013, Report content

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