Please explain what 'shared ownership' entails? Thank you.

Please explain what shared ownership means & what the implications are if buying a 'shared ownership' flat?

Asked on Nov 4 2012, General in Southampton | Report content

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  • Caroline .. happy to help ...Shared ownership schemes are provided through housing associations. You buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. You’ll need to take out a mortgage to pay for your share of the home’s purchase price.

    Answered on Nov 4 2012, Report content

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