Buying a Shared Ownership Home
For first-time buyers who are unable to afford a large deposit and mortgage payments, shared ownership is a great option. It allows you to buy a share of a property, usually between 10% and 75% of the market value.
The government introduced the scheme to help people buy their first homes. Now, it's a popular choice in counties such as Hampshire where there are many properties to choose from.
How it works
For many people, the option of buying a property outright is not possible due to their income, credit rating, or lack of savings. For these people, affordable home ownership schemes like shared ownership are a useful alternative.
Shared Ownership is a scheme that allows you to buy a part of a property - usually between 25% and 75% - while paying rent on the rest. This monthly rent ...