Shared Ownership

Shared ownership is a "half-way house" between buying and renting. It is where a purchase buy a chunk of the property - say 50% - with a normal mortgage from a lender. The purchaser then pays rent on the other half to a social landlord such as a housing association and you have the facility to buy another chunk at a later date – for example, when your earnings have risen thereby allowing you to qualify for a larger mortgage.