28 April 2017
Shared Ownership a realistic way to help borrowers buy their first home according to Buckinghamshire Building Society.
Shared ownership has been around a long while, despite that, only an estimated 200,000 households in the UK currently live in shared ownership properties. There is however, appetite for the idea as evidenced by a CML survey (Consumer Research into Tenure Aspirations Oct 2016) which found that from those surveyed the majority (54%) are positive about schemes that facilitate part ownership of properties. Higher income groups appear to be even more enthusiastic, seeing it as way of getting on the ladder in high value property areas. The CML have also published some initial key findings on February 27th in respect of this sector:
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