An entire week filled with informative webinars and in-depth editorials on the alternative home ownership scheme, Shared Ownership Week 2020 starts this Thursday.
Having already helped thousands of buyers across the UK get their foot on the property ladder, Shared Ownership is a government scheme designed for those who can’t afford to buy a home outright on the open market.
It allows you to purchase a share of a new home – usually a minimum of 25% of the home’s value – and pay a subsidised rent on the rest. This means you only pay a deposit on the share you’re buying, making it a more affordable option for many. In future, if you wish, you can buy further shares until you own your home outright – a process called staircasing. You can staircase up to three times, buying minimum additional shares (typically at least 10%).
Dedicated to informing potential purchasers, answering questions and dispelling myths, Shared Ownership Week 2020 is a one-stop shop for everything you need to know about the affordable route to homeownership.
This year, Shared Ownership Week will be going largely virtual – featuring a full line up of digital events hosted by industry experts, covering everything from eligibility requirements and costs to mortgage and legal advice. The L&Q team will be part of the ‘What is Shared Ownership’ webinar this Thursday 17th September at 5pm, taking questions from viewers on how to begin the process and highlighting some of our recently launched Shared Ownership developments across London and the Counties.
Throughout the week, the likes of Metro, London Evening Standard, Timeout.com and First Time Buyer Magazine will be running special Shared Ownership editions – featuring Q&As with industry professionals, top neighbourhood guides and testimonials from Shared Ownership buyers.
For more information on Shared Ownership Week 2020 and to register for their programme of expert webinars, click here