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What is shared ownership?

Asked on Jul 23 2017, House Prices in Southport | Report content

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  • If you are referring to the government´s "Help to Buy" scheme - I´ve extracted the following from the website which I think gives a good explanation: "If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to."

    Web reference: https://www.helptobuy.gov.uk/shared-ownership/

    Answered on Jul 24 2017, Report content

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