They’re Also Known As ‘Part Buy, Part Rent’ Mortgages And Are Offered By Housing Associations.

Shared ownership is based on people buying new build or resale properties on a leasehold basis. Most shared ownership mortgages will begin with a lower initial rate before moving onto their subsequent rate. I can’t sell a shared ownership property.

If Any Shared Ownership Properties Are Available In Your Search Criteria, You Can Click On The Shared Ownership Link To Refine Your Search And See Only Those Properties:

While you live in your shared ownership property you are often able to buy the remaining shares, known as ‘staircasing’. Pay rent to the landlord for the share. You must be at least 18 years old.

It Can Sometimes Make The Sale Of Your Home Easier.

You can buy additional shares in 1% instalments instead of the former 5% or 10%. Go to the help to buy website, find your region and apply for the local shared ownership scheme. The purchase is structured as:

From What We’ve Seen, Initial Rates Can Vary From 1.46% To 2.19% (For Two.

If you’re struggling to sell your shared ownership property, there’s a number of options available to you. In london, your annual household income must be less than £90,000. You can get help from another scheme called ‘older people’s shared ownership’ if you’re aged 55 or over.

Outside Of London Your Annual Household Income Must Be Less Than £80,000.

You must be of at least 18. Typically a leaseholder of a house would be responsible. Shared ownership mortgages could allow.