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Interested in shared ownership

Please explain what is meant by shared ownership

Asked on Feb 22 2012, House Prices in Barking | Report content

Answers (1)

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  • You own part and part is owned by another party - they usually lease that part to you and so you pay a rent on that part. Some properties you can eventually buy the whole thing - others you can't. If you have a mortgage there is an added layer of complication and there may be stamp duty issues.

    Answered on Feb 23 2012, Report content

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