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Shared Ownership
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Under shared ownership a housing association tenant may have the opportunity to purchase a property.
The scheme works by allowing the borrower to purchase part of the property and rent the other part from the housing association. This subsidises home ownership for people who would otherwise not be able to become home owners.
See also: Moneyextra's Mortgage Centre and Mortgage comparison Service for the latest facts and figures.
Last Updated: April 2008 © Moneyextra.com
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