letterman

What does 'part buy, part rent' mean?

Asked on Nov 29 2011, House Prices in Swindon | Report content

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  Busybeelet...

  It means that you would buy a share in the property (with or without a mortgage) say 50% and would pay rent on the other 50% share to the person/organisation who owns it. Commonly call Shared Ownership. If you want to know about schemes in your area a good place to start is the local council housing department who can advise if there are any in your area.

  Answered on Nov 29 2011, Report content

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