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Shared Ownership

A guide for buyers

Discover the benefits of this innovative approach that empowers individuals and families to step onto the property ladder with confidence.

What is Shared Ownership?

Shared Ownership, also known as "Part Buy, Part Rent," is a housing scheme designed to make homeownership more accessible. 

It allows you to purchase a share (usually between 25% and 75%) of a property while paying rent on the remaining portion. This unique model provides an affordable entry point into the property market, enabling you to build equity over time.



How does it work?

When you opt for shared ownership, you invest in a percentage of the property's value. 

Subsequently, a housing association or developer owns the remaining share. You then pay a mortgage on your share and rent on the portion owned by the housing association. As your financial situation improves, you have the flexibility to increase your ownership stake through a process known as "staircasing."



The benefits of Shared Ownership

  • Affordability: Shared Ownership significantly lowers the upfront costs associated with buying a home, making it more accessible for first-time buyers.
  • Flexibility: As your circumstances change, you can increase your ownership stake, eventually reaching full ownership.
  • Reduced Monthly Costs: With a combination of mortgage payments and rent, monthly outgoings are often more affordable compared to buying outright.
  • Equity Growth: As property values increase, your equity in the home grows, providing a solid foundation for future financial stability.



Is Shared Ownership right for you?

Consider your financial situation, long-term goals, and personal circumstances when deciding if shared ownership is a good fit. 

Consult with financial advisors and housing professionals to explore the best path forward for your unique situation.



Get started now!

Shared Ownership represents a transformative approach to homeownership, breaking down barriers and opening doors for aspiring homeowners.

Take the first step toward your property dreams by exploring the opportunities presented by shared ownership today.

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