The HomeOwner Survey 2019 - Concerns, trends and how we feel about our homes

What help is there for renters? Shared Ownership, part-own, part- renting your home has limited appeal Less than half of renters (46%) think Shared Ownership is a good idea as an alternative to renting. A third (32%) think it is a bad idea. Criticisms of Shared Ownership include: “Expensive as you have to pay part mortgage part rent yet are responsible for upkeep costs as if you owned 100% of the property. Out of the reach of most renters”. “Tenant is left paying three bills - mortgage for 25% share, rent and the lease”. “Large amount of complexity; additional fees; leasehold charges; will require even more legal advice to fully understand; have the administration of rent and mortgage“. With Shared Ownership you can buy between 25% - 75% of your home and rent the remainder. Shared ownership properties are always leasehold. As a result, service charges are payable to the housing provider for repairs and maintenance of communal areas  46% of renters say Shared Ownership is a good idea  32% of renters say Shared Ownership is a bad idea