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   Can you buy a home with shared ownership?

   • You can buy: Shared ownership homes are offered by housing associations, local councils, and other organisations. They are called ‘providers’ or the landlord. All shared ownership homes (houses and flats) are leasehold properties. You may be eligible for support to buy a home through other affordable home ownership schemes.

   Shared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk/shared-ownership-scheme

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   How do I apply for a shared ownership home?

   • There are 4 steps to apply for a shared ownership home. 1. Check if you can buy a home through shared ownership Find out who can apply to buy a home through shared ownership. 2. Find a home you want to buy If you’re eligible, you can contact an organisation selling shared ownership homes in your area. They will:

   Shared ownership homes: buying, improving and selling

   www.gov.uk/shared-ownership-scheme/apply

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   What is the right to shared ownership?

   • The Right to Shared Ownership is available to tenants living in new homes for Social Rent or Affordable Rent delivered through the Affordable Homes Programme 2021-26, with some limited exceptions (see page 4). Using the Right to Shared Ownership to buy an equity stake in your home is a big decision.

   The Right to Shared Ownership - GOV.UK

   assets.publishing.service.gov.uk/media/66b0a177ab418ab0555932a7/The_Right_to_Shared_Ownership_-_A_guide_for_tenants.pdf

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   What is a shared ownership home?

   • Selling a shared ownership home is essentially the same as selling a home. The only real difference is that you must give the housing association the option of finding a buyer before you put it on the open market. You will receive a share of the sale price in proportion to your owned share of the property.

   Buying a home using shared ownership : the pros and cons - unbiased.c…

   www.unbiased.co.uk/discover/mortgages-property/buying-a-home/shared-ownership

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   How do I Sell my shared ownership home?

   • Selling your shared ownership home can be complicated if you've not staircased up to 100% ownership by the time you come to sell. If you only own a share of your home, selling that share will typically involve the following steps: You'll need to give formal notice to your housing association of your intention to sell.

   Shared Ownership: how the scheme works – MSE - MoneySavingExpert.…

   www.moneysavingexpert.com/mortgages/shared-ownership-scheme/

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   What is a Shared Ownership Scheme?

   • Shared ownership schemes are run by housing associations, and are often (but not exclusively) open to first-time buyers. They enable you to take out a mortgage on a portion of your home, ranging from 25% to 75%, and pay rent on the remainder. This means you don’t need as big a mortgage as you would if you were buying the home outright.

   Buying a home using shared ownership : the pros and cons - unbiased.c…

   www.unbiased.co.uk/discover/mortgages-property/buying-a-home/shared-ownership

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2. www.gov.uk › shared-ownership-schemeShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme

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   You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs. You buy a share of the...

3. www.gov.uk › shared-ownership-scheme › applyShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme › apply

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   There are 4 steps to apply for a shared ownership home. 1. Check if you can buy a home through shared ownership. Find out who can apply to buy a home through shared ownership. 2....

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5. www.moneysavingexpert.com › mortgages › sharedShared ownership – how the homebuying scheme works

   www.moneysavingexpert.com › mortgages › shared

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   Shared ownership can be complicated and expensive. This MoneySavingExpert guide covers how the scheme works, who can apply, and how much of a deposit you'll need.

6. www.unbiased.co.uk › shared-ownershipShared ownership: the pros and cons explained | Unbiased

   www.unbiased.co.uk › shared-ownership

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   Sep 2, 2024 · Can I apply for shared ownership? You may qualify for shared ownership if your combined household income is less than £80,000 (or £90,000 in London). Usually you will have to be a first-time buyer although you may be eligible if you meet other criteria. If you own a home, you must already be in the process of selling it.

   • Shared ownership schemes are run by housing associations, and are usually open only to first-time buyers. They enable you to take out a mortgage on...
   • The main advantage of shared ownership is that it can be easier to achieve than full ownership. Since you only need a smaller mortgage, the necessa...
   • You can increase your owned share of the property up to 100 per cent in a process called ‘staircasing’. This may become possible for you if your ci...
   • Although most first-time buyers , this exemption doesn’t always apply with shared ownership purchases. You have two options when it comes to paying...
   • Selling a shared ownership home is essentially the same as in general. The only real difference is that you must give the housing association the o...
   • As the name suggests, shared ownership doesn’t grant you all the benefits of complete ownership. As such, as well as pros there are some cons too:
   • In England, you may qualify for shared ownership if your combined household income is less than £80,000 (or £90,000 in London). Usually you will al...

7. www.rightmove.co.uk › ways-to-buy › shared-ownershipShared ownership | Rightmove Guides

   www.rightmove.co.uk › ways-to-buy › shared-ownership

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   Shared ownership is a scheme offered by some housing providers that allows you to buy a share of a property, and then pay rent on the remaining part. It can be a more affordable route – compared to buying a home outright – for first time buyers, or those that don’t currently own a home, to get onto the property ladder.

8. www.sharetobuy.com › guides-and-faqs › step-stepStep by step guide to buying a Shared Ownership home

   www.sharetobuy.com › guides-and-faqs › step-step

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   If you’re interested in buying a home through Shared Ownership, check out our step-by-step guide to help you navigate the process. Step one. Firstly, create an account on Share to Buy. From here you can search for homes based off of your own requirements and need – this includes property type, number of bedrooms, search radius and deposit amount.

9. assets.publishing.service.gov.uk › media › 66b0a177The Right to Shared Ownership - GOV.UK

   assets.publishing.service.gov.uk › media › 66b0a177

   Under the Right to Shared Ownership scheme, you can buy an equity stake in your home worth between 10% and 75% of its full market value. You will then own this equity stake on Shared...