Latest input tagged Shared-ownership
RSS feed for Shared-ownership
New Build HomeBuy is a low cost home ownership option. It was introduced to help people who cannot afford to purchase a property outright and allows them instead to purchase initial shares of between 25–75...
What is the difference between shared equity and shared ownership?
You are not alone if you are not sure of the differences between shared equity and shared ownership.
So what is shared equity? You purchase a property and own 100% of it, but you obtain a mortgage...
Changes to Shared Ownership Leases
Following an informal consultation process towards the end of 2009, all new shared ownership leases granted on or after 6th April 2010 funded by the Homes Community Agency will be different to the current...
What does 2010 hold for the first-time buyer?
We have all heard the encouraging news in relation to the housing market improving, but what is the reality? First-time buyers have had a notoriously hard ride obtaining mortgages, with many lenders requiring...
New model leases for shared ownership properties
A new model shared ownership lease aimed at creating more certainty for lenders and more clarity for purchasers of New Build HomeBuy property has been created by the Homes and Communities Agency (HCA).
The...
What is the difference between shared equity and shared ownership?
You are not alone if you are not sure of the differences between shared equity and shared ownership.
So what is shared equity? You purchase a property and own 100% of it, but you obtain a mortgage...
Staircasing – how to purchase further shares in your shared ownership property
Maybe you are considering buying a property or have already purchased a property on a shared ownership basis and want to understand a little more about what you can do in the future.
Staircasing - what...
MyChoice HomeBuy – assisting first-time buyers with an equity loan to ‘top up’ the purchase price
MyChoice HomeBuy is a government financed homeownership scheme that enables buyers to get their foot on the housing ladder by choosing and buying a home of their own on the open market with the assistance...
Homebuy Direct: A lifeline for residential developers and first time buyers alike?
The past two years have seen an increase in shared ownership schemes offered by developers, as they seek to assist first time buyers in getting their foot on the property ladder.
In addition to the...