Shared Ownership in Peterborough / Part buy part rent - Peterborough
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What is Shared Ownership?
In short, what shared ownership means is you part buy part rent. The home you own is part owned by a housing association. The amount you own will be determined by you when you purchase the property based on what you can afford. Typically, you can get shared ownership properties where you own between 25% and 75% of your home.
Each month you will pay your shared ownership mortgage as you would with any other home. However, the difference is you pay rent to the housing association based on the amount that they own.
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