In a nutshell:

  1. Shared Ownership schemes are offered by social Housing Associations (or other Registered Providers) where you (typically) choose one of their new-build homes, buy part of it with a mortgage from a bank, and rent the rest of it from the Housing Association.

  2. StrideUp is a brand new type of home finance provider that shares in some of the ownership of your home to make it more affordable for you initially. However, we don’t build homes or have any properties for you to choose from. Rather you pick the home you love from the open market and we help you buy it.

There are pros and cons of using a traditional Shared Ownership scheme (and you can find out more about it here), but some of the reasons you might want to try StrideUp include:

  • ability to choose a home you love from the open market

  • if you want to own the majority of your home (80%) and are able to afford it

  • if you want to get to 100% ownership without having to pay more if house prices go up

  • traditional Shared Ownership is a socially supported scheme - if you don't meet their eligibility or priority requirements, StrideUp might be a good option.

Your home may be repossessed if you do not keep up the payments on your home purchase plan.

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