Magna homes

What is Shared Ownership?

Shared ownership is another way to buy your own home if you cannot afford to buy on the open market. You buy a percentage and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. In most cases, you can carry on buying shares, to own it 100%.

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