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shared ownership

   Also found in: Wikipedia 0.01 sec.
shared ownership
n
(Law) (in Britain) a form of house purchase whereby the purchaser buys a proportion of the dwelling, usually from a local authority or housing association, and rents the rest


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This includes Housing Hartlepool's shared ownership scheme which allows individuals to buy a share of the property generally from 25-75% and pay rent on the remaining percentage that they do not own.
Byline: Claire Simmons of Ward Hadaway If you would like to get on to the property ladder but feel that it might be out of reach, shared ownership could be the answer.
Home Buy Shared ownership is subject to eligibility and terms and conditions are available on request.
 
 
 
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