Shared ownership was first introduced in the early 1980's. The aim of this scheme is to assist individuals who are seeking to get on the housing ladder but have insufficient means to purchase a property outright.

In broad terms the expression “shared ownership” encompasses schemes whereby a registered social landlord grants a lease of a percentage of the equity of a property and rents the remainder to the tenant. Those qualifying for shared ownership schemes were generally existing registered social landlords and local authority tenants. There are number of shared ownership schemes available including government backed schemes and details can be found at

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