What is the Difference Between Shared Equity Schemes and Shared Ownership?
Shared Ownership is the mortgage scheme that you pay rent on the share of the equity you do not own. Shared Equity is when you purchase a share of the property i.e. 85% and the other share i.e. 15% is retained by the builder and/or Government and the main difference is that you do not pay rent on this share. What is the difference between Shared Equity Schemes and Share to Buy? Shared Equity is when you purchase a share of the property i.e. 85% and the other 15% share is retained by the builder and/or Government and you don’t pay rent on this share. A share to buy mortgage is when 2 or more friends or families members are buying a property together. What happens is that no one owns the property outright you all have a share in it. The main difference is that you are sharing the ownership of the property with other private individuals rather than a housing association or builder. In other words, you still have a form of shared equity in that you do not own the whole property but have a
