A much-needed helping hand for buyers or a big mistake that should be avoided? We look at the pros and cons of shared ownership.
The scheme offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to. The extra focus on the scheme in the last week has opened up the debate on whether or not it’s actually a good route into homeownership.