Shared Ownership costs are generally lower than alternative housing options for a number of reasons; it’s great for people who have the goal of owning their own home but do not have the funds to buy on the open market.
Shared Ownership offers rent that is less than the rate charged on the open market and most people can start off with a 40% share but in some cases as little as a 25%. This therefore means a low deposit – typically one of 5% of the share and not of the whole property value.