Mortgage Terms

Shared Ownership

Shared ownership allows buyers to purchase a share of a property (typically 25–75%) and pay rent on the remaining share, which is owned by a housing association.. Over time you can purchase additional shares (staircasing) until you own 100%. A mortgage is required only for the share you are buying

Shared ownership properties are leasehold and subject to service charges.

Useful pages

First Time Buyers

Related terms

First-Time Buyer Leasehold

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