Shared Ownership
Do you want to own your own home but think you can’t afford? Think again!
Shared Ownership is a part-buy/part-rent scheme.
It is intended for people who want to get onto the property ladder, but who can’t afford to buy a suitable home outright on the open market. E.g. the property you are interested in is worth £100,000, you would take a mortgage for £50,000, to purchase a 50% share in the property, and would pay a rent of no more than 3% per annum on the 50% remaining in Aspire’s ownership.
The property is then yours to live in and all we would expect is that it is well maintained.
