Shared Ownership Week 2015 is supported by the National Housing Group (NHG) and aims to raise the profile and awareness of shared ownership on a national level.
Throughout the week we'll be highlighting case studies of people who have used Shared Ownership, providing some key facts and figures and holding a Help to Buy Shared Ownership Show at Crewe Hall on Saturday 10th October - tickets are free and can be downloaded at www.helptobuyshow.com
What is Shared Ownership?
Shared Ownership allows you to buy a share in a new home, ranging from 25% to 75%, depending on what you can afford. A housing association owns the remaining share, and you pay a reduced rent on that share.
This means that you need to get a smaller mortgage to buy the property, and will also need a smaller deposit. You can buy more shares as and when you can afford them - this is called Staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all*
To get the latest information on Shared Ownership Week follow @soweeklive on Twitter.
*Please note that on some developments there is a limit on staircasing, which means you cannot buy 100% of the property. Check with the developer if you are unsure.
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