It's Shared Ownership Week 2018!Published on 20 September 2018
This year's Shared Ownership Week is running from Thursday 20-16 September and we're proud to be supporting it!
What is Shared Ownership?
Shared Ownership is an alternative way for first-time buyers, or those who have sold their home, to get on the property ladder.
Buyers usually purchasing between a 25% and 75% share in the property and then have the option to increase the share they own until they own the property outright. This is known as ‘staircasing’.
- Benefits of buying a shared ownership home
- Eligibility for shared ownership
Home Ownership for People with Long-Term Disabilities (HOLD)
If you have a long-term disability, ‘Home Ownership for People with Long-Term Disabilities’ (HOLD) can help you buy any home that’s for sale on a shared ownership basis. You can only apply for HOLD if the properties available in the other HomeBuy schemes don’t meet your needs, e.g. you need a ground-floor property. Your local HomeBuy agent can help you.
- Buying more shares
Shared Ownership Week is backed by many of the UK's leading housing associations and this year, presenter Reggie Yates is the new Shared Ownership Week ambassador! The aim of this campaign is to raise awareness of Shared Ownership across London, to explain the benefits and dispel any myths that people may have and promote a wider understanding of the lower cost home ownership scheme.
We will be showcasing our new build Shared Ownership developments throughout the week, providing information on how this buying options works and where our properties are available.
For more information check out www.sharedownershipweek.co.uk.