How does shared ownership work?
Asked on Jul 20 2010,
General in Milton Keynes |
You get a mortgage for a % of the property, eith 25%, 50% or 75%, you will also pay subsidised rent of the remaining portion to the housing association. It is a good way of getting on the housing ladder as the initial deposit required is lower as is the cost of the rent, should the value increase you get that increase on your share.
Answered on Jul 20 2010,
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