#1. What co-ownership is. Common ownership is a scheme financed by the government and helping to buy housing for those who do it for the first time and under other circumstances could not afford a purchase. This scheme is implemented mainly by London housing associations.
# 2. How the circuit works. It involves partial purchase and partial rent. You buy a share of the property (usually pay 25-75% of the total cost) and then pay the rent for the remaining part.
# 3. Can you become the sole owner of the property? You have the right to purchase the remaining parts of the property when you can afford it. Additional shares are evaluated in accordance with the market value of your property at the moment.
#4. What types of housing can be shared ownership? Almost everything, from studio apartments to four-bedroom houses. There are different schemes in London.