Jargon Busting: Shared Ownership

Shared Ownership explained in 30 seconds

What do I need to know about the part-buy part-rent scheme?

As part of our Jargon Busting in 30 seconds or less mini-series, we’ve taken a look at Shared Ownership and what the scheme actually involves.

Shared Ownership, also known as part-buy part-rent, allows buyers to purchase a share of a leasehold home, paying a mortgage on the share they own and rent on the remainder to a housing association. The scheme is great for those who are looking to buy but can’t quite afford to purchase a home on the open market.

With Shared Ownership, the purchaser only needs to get a mortgage for the share they own (not the full amount of the property) meaning that the amount of money required for a deposit is usually much lower compared to purchasing outright.

For more information on Shared Ownership, check out our other articles below:

Share to Buy is a one stop shop for affordable homes. On our website, you can search for propertiescompare mortgages, and find out all you need to know about alternative home-buying schemes using our FAQs and guides.

If you’re interested in purchasing a part-buy part-rent home, you can find out more via our article index and Shared Ownership terms and conditions on Share to Buy.