shared ownership


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shared ownership

a form of house purchase whereby the purchaser buys a proportion of the dwelling, usually from a local authority or housing association, and rents the rest.
References in periodicals archive ?
AThe site, at Camperdown, near Killingworth, is known as Silverbirch and comprises two-bedroom bungalows and two- and threebedroom homes through a shared ownership scheme being offered by Riverside Home Ownership (RHO).
Infinity Riverside is the third and final phase by Muse Developments comprising of 82 luxury homes for sale with 20 two and three bedroom homes available for shared ownership through Thirteen.
Our on-site advisors will be on hand to talk more about the benefits of shared ownership properties and help people choose their dream home.
A survey revealed half of people aged 18 to 24 thought shared ownership meant sharing a home with another person, rather than being a way to buy a home in stages.
It follows a report by CIH and Orbit earlier this year which revealed shared ownership has become one of the most popular routes to home ownership.
Inga, a senior contracts manager, read about shared ownership on the Sovereign Living website.
According to the agreement, Hyatt will receive annual license fees and the Hyatt Residence Club and 16 existing shared ownership resorts will retain the Hyatt Residence Club brand.
Keen to find out more, Peter contacted Sanctuary who were happy to explain the scheme in more detail and support him through the process of buying a shared ownership home.
Shared ownership is a similar scheme offered by housing associations or councils, who charge rent on their share of the home.
As not all lenders offer shared ownership mortgages, it is important that you seek advice from an independent mortgage adviser.
Interval Leisure Group (NASDAQ: IILG), a US-based company offering vacation services, has announced the acquisition of Vacation Resorts International, a US-based company offering resort and homeowner association management services to the shared ownership industry.
A NEW shared ownership scheme for first-time buyers has been launched by housing association Fairlake Living.

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