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Shared ownership and how does it work

What does shared ownership mean and how does it work?

Asked on Feb 28 2016, General in England | Report content

Answers (1)

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  • It means you part-own and part-rent a property. . The other part is usually owned by a housing association to whom you pay rent. There may be options to increase your ownership share. On the downside there may be restrictions on how and to whom you can sell when you want to move on.

    Web reference: http://www.gov.uk/affordable-home-ownership-schemes/share...

    Answered on Feb 29 2016, Report content

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