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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.
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