Shared ownership Q&A for mums and dads
IS shared ownership just for key workers? How much rent will our
daughter pay as part of her part buy-part rent deal? Can we help
our son pay the rental part of his monthly shared ownership
These are just a few of the typical questions posed by the mums
and dads of many first-time buyers who are thinking about Help to Buy shared ownership as a way
of getting on to the property ladder.
Parents often play a key part when aspiring homebuyers consider
the best way to make their property-owning dream come true. Like
many mums and dads, they could be helping with the deposit or just
offering their children the benefit of their advice − based on
their own homebuying experiences.
That's why we decided to create a special pocket-sized leaflet,
Shared ownership questions − from the parents'
perspective, that answers some of the most frequently-asked
questions about our part buy-part rent scheme.
Bromford Homes Sales and Marketing Director Bev Hall encourages
mums, dads and other family members to read the Q&A before
helping young first-time buyers to make a decision.
"Shared ownership is a real success story − a truly
affordable way to get onto the property ladder if, like many people
these days, you can't afford to buy on the open market," says
"We've got many hundreds of examples here at Bromford Homes
where first-time buyers have got on to the property ladder through
shared ownership. In fact you've only got to look at one of our
current developments like Fortuna in
Cirencester, where nearly 80 customers have realised their
"That said, we've found that many people − especially older
homeowners − either don't know about shared ownership or
misunderstand what it is and how it works. In fact, you could call
it one of the property world's best-kept
"That's why we've produced this user-friendly leaflet that
covers ten of the most frequently-asked questions − and the
answers. We hope this will help parents and their children to
understand shared ownership and how it works − from who's
eligible to what happens when you want to move on.
"Of course, we can't cover every question in a pocket-sized
leaflet but we're always happy to talk to people about shared
ownership and answer any questions they may have."
Want to know more? You can read the Q&A
online or download the leaflet. To buy a home or talk to
a shared ownership expert call 0845 60 10 878.
23 May 2013