💨 Abstract

Shared Ownership, offered by Peabody, enables people to buy a share of a property with a mortgage and pay discounted rent on the rest. This scheme helps first-time buyers and others who can't afford the full cost of a home due to high property prices, allowing them to enter the market affordably. Buyers can start with a 5% deposit and gradually purchase more shares (Staircasing) to own the property outright.

Courtesy: Peabody