What is a Shared Ownership?
Shared ownership mortgages are part of a government scheme which aims to help first time buyers and lower income households acquire property. Rather than taking a mortgage an entire house, you can split the mortgage (between 25-75%) while paying rent on the other portion.
This scheme is available for households with an income of £60,000 or less and either be a first-time buyer or a previous homeowner who cannot afford to buy now.
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