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

Shared Ownership as an alternative to renting Good idea 49% Bad idea 33% Don't know 18% Shared Ownership Among UK adults UK adults sample size: 2195 Good idea 46% Bad idea 32% Don't know 21% Shared Ownership Among UK Renters UK Renters sample size: 728 "As an alternative to renting, there is the possibility to part-own a property using a scheme called 'shared ownership', where the purchaser buys a share of as little as 25% of the property. The purchaser pays a mortgage on the share they own and rent to a housing association on the remaining share. Because the purchaser only needs a mortgage for the share they purchase, the amount of money required for a deposit is lower than the amount required when purchasing outright, and the rent is cheaper. Shared ownership properties are always leasehold. As a result, there are service charges payable to the housing provider for repairs and maintenance of communal areas."