Posted by: Property Booking
01 Jun 2017
Shared Ownership has been available since the 80s and has always been valuable to the first time buyer, but the demand for it has only recently come to light. Today, many potential first time buyers are forced into paying for expensive private rentals over buying a home, often because the idea of getting onto the property ladder is just too daunting and doesn’t seem achievable.
With house prices continuously on the rise and many first time buyers struggling to afford the vast deposits on a mortgage, buying a home under Shared Ownership has never been more necessary. For most people buying a new home is one of, if not the most, important purchasing decisions of their life. The brilliant thing about Shared Ownership is that once you’ve purchased shares of your chosen home, you then pay a subsidised rent on the remaining shares to the housing association. Ultimately, the scheme takes some of the strain off finding a new home, putting down roots and building a future. As a result, more and more aspiring homeowners are taking that vital first step onto the property ladder with Shared Ownership.
If Shared Ownership sounds like it might be for you, make an account with us today and search a range of Shared Ownership properties near you. Or if you have any questions just send us a tweet! or read our comprehensive guide - Shared Ownership Explained.