Shared ownership

Shared ownership is a housing scheme that allows individuals to buy a share of a property, typically between 25% and 75%, while paying rent on the remaining portion owned by a housing association. This approach makes homeownership more affordable, especially for first-time buyers. As financial circumstances improve, owners can buy larger shares over time, a process known as "staircasing." Shared ownership can provide a pathway to full ownership while helping to alleviate the burden of high property prices.