Shared Ownership: Problems halved or doubled?

28th September 2018  |  12:00am

Shared Ownership: Problems halved or doubled?

What is shared ownership?

There are more than 200,000 shared ownership properties in the UK. Various shared ownership schemes operate around the country, with a mixed reputation. Some regard them as an affordable way to take a step into property ownership, while others see them as restrictive and costly.

Pros: Security of owning and staying in a home, rather than renting.

Cons: Mortgage and rent costs can be more expensive than renting; initial restrictions of who the property can be sold to and addition costs when selling.

Click Here to see the full article published by BBC News.