This is when you pay rent and have a mortgage. It means you are renting some of the house or flat and buying some of it.
Shared ownership
Rent
You can rent a flat or a house to be your home. This means that you are paying to stay there - you do not own it yourself.
Landlord
The person you pay rent to is the landlord.
Mortgage
A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.
You need to get a mortgage for the part that you are buying. Then you buy more and more until you own it all.
Mortgage
A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.
Shared ownership can be a good way for you to own your own home.
Be careful!
Shared ownership can be more expensive than an ordinary mortgage.
Mortgage
A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.
Most shared ownership houses come from a housing association. A housing association is sometimes called a registered social landlord.
Housing association
An organisation which owns houses and flats for people to rent. It makes sure everything is ok for the people who live there.
Housing association
An organisation which owns houses and flats for people to rent. It makes sure everything is ok for the people who live there.
You can find one in your area by asking at the local council. Or you can find out from the Housing Corporation.
Go to the links page to find out more