What is shared ownership?
Asked on Aug 24 2011,
General in London |
Shared ownership is where you buy a share of a property - usually from a Housing Association. Assuming it is a 50% scheme, you will need you raise a mortgage for your 50% of the property and then pay a rent for the 50% owned by the Housing Association.
Answered on Aug 24 2011,
You own a percentage of the property with a second party, usually a housing association or local council.
Answered on Aug 25 2011,
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