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What are the conditions when buying shared ownership? What does it mean buy shared ownership?

What are the conditions in buying shared ownership property? What does it mean "shared ownership"? What control are you entitled on the property?

Asked on Sep 24 2010, General in Hartlepool | Report content

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  • The share of the property will be sold on a leasehold basis and set out all resitriction and covenants, but basically it is the same as if you own it out right, Each housing association have differing criteria but most people wil qualify for the purchase of a shared ownership house. You will purchase a certain % and the remaining % will be rented at a low rate, it is a cost effective way of getting on the ladder.

    Answered on Sep 25 2010, Report content

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