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

Shared Ownership is a good idea (a selection of verbatim comments) Shared Ownership is a bad idea (a selection of verbatim comments) One would hope it would offer more stability to the resident. It's very expensive as you have to pay part mortgage part rent yet you are also responsible for all of the upkeep costs as if you owned 100% of the property and this puts it out of the reach of most renters. Good to give people the option to eventually own a stake in a property they otherwise may not be able to afford. Large amount of complexity; additional fees; leasehold charges; will require even more legal advice to fully understand; have the administration of rent and mortgage. You own part of your home; you look after it better; deposit would be much lower; more young people and families housed; less anti-social behaviour. Leasehold fees; are you able to make alterations? Allows first time buyers to get on the property ladder; it gives option of gradually buying a greater share in the property; such schemes run by social housing providers usually set the rental element at an affordable level; young people in key jobs such as teachers, nurses make use of such schemes. Not sure that it gives any further advantages compared to renting unless there is guaranteed security of tenure. Leasehold fees could eat up a lot of the money saved compared to having a larger mortgage. Gives people better chance of owning property and is a good alternative to renting. Renting is money wasted. Tenant left paying 3 bills: mortgage for 25% share rent and lease. The real solution lies in building enough houses to meet the need. It is a good idea because the part owner living in the house will have a responsibility towards that house rather than feeling it belongs to someone else. Service charges are seldom fixed, and can increase to a rate which is difficult to find. Shared ownership works best if the owners are looking to trade up fairly early on, but this isn't always possible. Gives more opportunity for people on a lower income to get on the property ladder. I think you end up paying more than necessary for a similar property. I think they are harder to resale and I don't like the idea of having to pay back a percentage of the value of any increase in your property to the shared ownership company. Helps first time buyers into the market; helps reduce the cost to an investor; gives both the first time buyer and the investor a shared interest in the property. Owner has something to sell when they want to move. House prices generally go up so should gain from this.