What type of schemes does Homeownership Westminster cover?
Shared Ownership: Part buy part rent schemes (a person can start off buying as little as 25% of the value of the home) Discounted Rent to Buy schemes Renting a property at less than private market rents (but more than a council or housing association rent) with the option to buy a share in the property value at the end of the tenancy. Shared equity loans These loans help people buy a share of a property for sale on the open market (between 40% – 70% of the sale price) with a government backed loan covering the remainder.
