Shared ownership is a form of property purchase
in partnership with a Housing Association. The borrower purchases a portion of
the property such as 25% 50% or 75% and then pays a rent the remainder to the
This is also known as co-ownership, this arrangement is designed for people who
could not otherwise become homeowners.
Housing associations are independent not for profit organisations who are funded
by the government to provided social housing they have to a certain extent taken
over the job of housing people from the local authorities ie the councils.