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What is Shared Ownership?

(Part Buy – Part Rent)

Through Shared Ownership you buy a share of the property and pay rent on the remaining share you do not own.

The scheme is intended for people who cannot afford to buy a suitable home in any other way and are unable to afford outright purchase. The share price is normally funded by a mortgage and the remaining share you rent from us. Normally you purchase a 50% Share but sometimes you are able to purchase a smaller or larger portion.