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UK property: What is shared ownership?

Mhari Aurora
·1-min read

The term “shared ownership” has jumped into the spotlight recently after the UK government announced a new plan to get more affordable homes onto the market.

Shared ownership is a scheme aimed at helping prospective buyers onto the property ladder who may not be able to afford to buy their home outright, whereby people can buy part of their home and rent the rest of it from a landlord with the possibility of buying more of it over time.

However, it’s not as simple as it seems. Check out our video to understand what shared ownership is and the pros and cons to the set-up.