But with
shared ownership, unless you have staircased up to purchase 100 per cent of the property, you won't have the same legal right to extend the lease.
This includes offering properties available to buy through
shared ownership.
Available through
shared ownership, Thirteen have a range of three bedroom homes on Newton Wood starting from PS46,238 for a 25% share.
WHAT IS
SHARED OWNERSHIP?
Shared Ownership is part of the Help to Buy scheme from the Government.
The
shared ownership scheme also makes home ownership more accessible for aspiring home owners who may not be able to afford the full purchase of a home.
ReSI plans to grow its portfolio of
shared ownership properties through further acquisitions from developers and housebuilders (both private and housing associations), utilising government grant funding.
Anna Ross says that
shared ownership has changed her life, as it allowed her to buy a property last year after separating from her partner.
"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."
And a quarter thought only existing social housing tenants and key workers could purchase a home via
shared ownership - also wrong.
Eligibility to buy a home using
Shared Ownership is governed by the Homes and Communities Agency.
Inga, a senior contracts manager, read about
shared ownership on the Sovereign Living website.