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About shared ownership schemes
► What is ‘shared ownership’?
There are 2 types of shared home ownership:
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The Joint Equity method is funded privately, and;
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The Housing Corporation approach, which is primarily funded by central Government.
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Both shared ownership schemes are very similar in construction but they are very different in action.
Joint Equity shared ownership Scheme allows you to buy the property of your choice, that is any property, anywhere you want to live. The Joint Equity shared ownership scheme is open to anyone providing you can afford the mortgage and rent payments.
Joint Equity shared ownership Scheme is open to first time buyers and key workers but is also available to anyone else.
► What is is Joint Equity shared ownership
Shared ownership through the Joint Equity Scheme is simple, easy to understand, very transparent, has few restrictions and is a true partnership between the occupier and the investor.
For a review of the Government sponsored shared ownership scheme please Click here.
The following table compares the Joint Equity shared ownership Scheme (JES) with those of the Housing Associations (HA).
* for more information on Prime and Sub Prime Mortgages go here , or here towards the bottom of the page or jargon buster here.
Joint Equity is a private shared ownership scheme, for more information on publicly funded shared ownership, click here.
► What’s in this section?
The Joint Equity Scheme is for first-time buyers, home owners and property investors. This site is developed and maintained by Joint Equity ltd. ©Joint Equity (2006)
Joint Equity Ltd works with Mortgage Beaters Ltd to provide case studies & Illustrations to prospective Owner-Partners & Investor-Partners. Joint Equity Ltd does not carry out any regulated activities and so is not regulated by the FSA (Financial Services Authority). Joint Equity Ltd are introducer appointed representatives of Mortgage Beaters Ltd, which are authorised and regulated by the Financial Services Authority.
The content of this website is accurate to the best of our knowledge and for information only. We do not provide financial advice.
Key:
Green = better
Red = worse
Blue = the same