Shared Ownership Buyers Confused About Tenure

The majority of residents in shared ownership schemes are unaware that they can move between properties and are put off increasing their stake in a home by high costs, according to a new survey. The survey asked 200 people who own homes through shared ownership schemes what they thought of the model in a bid to ascertain why take-up could be stifled. Just 14% of those surveyed said they had received information about shared ownership via the government, with most learning of schemes through housing associations. More than half weren’t aware that they could move between properties, and of those who did know, 27% were unsure of the process to do so. Read more on Inside Housing.

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