Details.
Buy a share of a property and pay rent on the remaining share. The share purchased will usually be between 25% and 75%, although some deals allow shares from as little as 10%. The required deposit will likely be around 5% to 10% of the share being bought. The scheme is mainly intended for first time buyers, although it is open to anyone wanting to buy a home. Household income must be £80,000 or less, or £90,000 or less in London. Check with your lender about restrictions if you want to buy more shares.
