Shared Ownership Mortgage Resources
Given the complicated and varied nature of shared ownership, it is little wonder that individuals and professionals often struggle with even the basic concepts. Below is a list of resources that aims to answer at least some of the questions in relation to shared ownership. As with every house purchase, independent legal and financial advice regarding your individual circumstances should be sought, before proceeding.
Housing Association Information
The following links offer information on government policy and initiatives, plus advice on the processes and options available to those looking to purchase a shared ownership property through their local housing association.
www.housingcorp.gov.uk: Government agency that deals with the funding of homes for those who may otherwise struggle to find affordable homes; includes links to regional housing associations as well as strategy and policy information.
www.communities.gov.uk: The Department for Communities and Local Council which is the government department in charge of housing policy; useful for an overview of policy decisions and future objectives.
www.housing.org.uk: The National Housing Federation represents the 1400 housing associations across the UK and produces guidance on the operation of the various purchase schemes available.
www.sfha.co.uk: The Scottish Federation of Housing Associations is a site dedicated to the workings of the housing associations in Scotland; includes advice on shared ownership in a country where the house buying process is significantly different from that of England and Wales.