{"id":9190,"date":"2016-03-26T14:00:21","date_gmt":"2016-03-26T07:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope\/"},"modified":"2016-03-26T14:22:23","modified_gmt":"2016-03-26T07:22:23","slug":"is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope\/","title":{"rendered":"Is shared ownership a vital first step on the property ladder, or a slippery slope?"},"content":{"rendered":"


\nShared ownership can be cheap \u2013 but it can also be full of pitfalls. We talk to buyers who admit they have mixed feelings about the schemeIn April, a new era for shared ownership begins, with the government relaxing the rules on eligibility and opening it to anyone with a household income of less than \u00a380,000, or \u00a390,000 if you are buying in London. The change will mean 175,000 more people across the country will be able to buy.For some, shared ownership is a bonanza: buyers only have to stump up 25%-75% of the price of a property, pay only a small deposit, and are charged a subsidised rent on the portion of the home they don\u2019t own. When they are in better shape financially they can \u201cstaircase\u201d up to full ownership. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is shared ownership a vital first step on the property ladder, or a slippery slope?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shared ownership can be cheap \u2013 but it can also be full of pitfalls. We...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9190","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2oe","jetpack-related-posts":[{"id":34374,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-many-shared-ownership-homes-are-there-and-whos-buying-them\/","url_meta":{"origin":9190,"position":0},"title":"How many shared ownership homes are there and who's buying them?","date":"November 15, 2016","format":false,"excerpt":"\r In 2015-16, the average income of first-time buyers who purchased a shared ownership property was \u00a345,000In his 2015 and, as it turned out, final autumn statement, then chancellor George Osborne announced the government\u2019s intention [pdf] to expand shared ownership considerably, by building 135,000 shared ownership homes by 2020. Those\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plan-to-change-shared-ownership-equity-rules-described-as-tinkering\/","url_meta":{"origin":9190,"position":1},"title":"Plan to change shared ownership equity rules described as 'tinkering'","date":"August 28, 2019","format":false,"excerpt":"\r Labour dismisses housing secretary\u2019s plan to allow buyers to boost stake in smaller stepsPeople seeking to get on the housing ladder through shared ownership may be allowed to increase the proportion of the home they own in smaller steps than currently allowed, the housing secretary, Robert Jenrick, has announced.Instead\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-a-low-cost-way-to-buy-a-home-but-is-there-a-catch\/","url_meta":{"origin":9190,"position":2},"title":"Shared ownership: a low-cost way to buy a home \u2013 but is there a catch?","date":"September 10, 2022","format":false,"excerpt":"\r It is touted as a cheaper way to get on the property ladder, but there can be drawbacks. We weigh up the pros and consShared ownership is promoted as the low-cost, low-deposit path for first-time buyers to escape the rent trap. But is the part-rent, part-buy model the staircase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-or-shared-ownership-which-is-best-for-homebuyers-in-england\/","url_meta":{"origin":9190,"position":3},"title":"Help to buy or shared ownership: which is best for homebuyers in England?","date":"September 12, 2022","format":false,"excerpt":"\r The government schemes have pros and cons, and one closes to new applicants soonShared ownership is one of the government assistance schemes for those priced out of the open market. The other main one is help to buy. But if you are interested in the latter, get your skates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-comes-with-risks-heres-what-to-watch-out-for\/","url_meta":{"origin":9190,"position":4},"title":"Shared ownership comes with risks \u2013 here's what to watch out for","date":"September 15, 2016","format":false,"excerpt":"\r Shared ownership can work, but the small print can catch people out financially and legally. Here\u2019s what you need to knowWith home ownership now unaffordable for many people on low or middle incomes shared ownership continues to be pushed.Being a cheaper upfront option, it is touted as a way\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-only-way-to-buy-or-worst-of-both-worlds-readers-views\/","url_meta":{"origin":9190,"position":5},"title":"Shared ownership: only way to buy or worst of both worlds? – readers' views","date":"November 15, 2016","format":false,"excerpt":"\r Mixing rent and a mortgage gives tenant-owners mixed feelings. Equity gains are welcome, but there are fears about high rents and affordabilityAppetite is growing for shared ownership schemes in areas where many people are priced out of the housing market. But what\u2019s it really like? Readers report mixed feelings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9190"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9190"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}