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 ?
Tinkering with the details of shared ownership is meaningless when lack of investment from government means low cost homes for ownership simply arent getting built.
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.
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.
"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.

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