Our week-long national campaign is returning for its fourth year!
Shared Ownership Week will start on Thursday 15th of September with the aim of helping prospective homebuyers understand how they could be eligible to secure a property with Shared Ownership while also providing them with a wealth of information on this pioneering scheme.
We've created this dedicated week to this affordable home ownership solution to also combat myths surrounding shared ownership, and to help buyers fully understand exactly who the scheme is for. Many people are under the impression that Shared Ownership is for key workers only when in fact it’s available for a wide range of buyers; city workers, families, couples, and single people!
There have also been some important changes to the scheme that we think it is important to make people aware of, for example; this year income caps have been raised, meaning families earning up to £90,000 in London and £80,000 elsewhere could be eligible. Second steppers can also now benefit from shared ownership when trying to climb the property ladder, with equal priority as first-time buyers, and the cap on a number of bedrooms has been lifted.
Throughout the week our website will contain a wealth of information for those thinking about buying property, including videos, real life first-time buyer case studies and links to shared ownership homes that are currently available. There will also be information provided by the many major housing associations which are backing Shared Ownership Week including Guinness, L&Q, Notting Hill, East Thames, Newlon, Southern, Hyde New Homes, Circle, Moat, Metropolitan and Network.
In addition, three housing associations present in the North West have come together in order to support the week. Plusdane, Plumlife and Guinness will be promoting us through the week over at www.sharedownershipweek-nw.co.uk
Shared ownership enables buyers to purchase a share in a brand new – usually at a minimum of 25% of its market value – with as little as a 5% deposit. The buyers pay a subsidised rent on the remaining share of the property, usually resulting in lower monthly costs than renting on the open market
By Stel Tzirki at The Media People