| In
these days of rising house prices, it is becoming increasingly difficult
for some people, particularly those with lower incomes, to gain
a foothold in the home ownership market. Shared ownership
is designed to help these people overcome this difficulty.
By reducing
the monthly costs we may be able, through shared ownership, to help
you with that all-important first step on the "property ladder".
The scheme
is also very flexible. For instance, if your financial situation
improves, say through promotion or a pay increase, you can increase
your share or even buy the property outright. If on the other
hand you wish to move on, you can sell your share on the open market
- we will even assist you if we can in finding a new buyer.
There is however,
no pressure or requirement for you to take either of the above steps
and you may remain a sharing owner, with your original level of
ownership, for as long as you wish.
Click
here for further information on what being a sharing owner is
all about. You will also find details of where we are currently
building shared ownership housing in our
New Developments section.
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