how does shared ownership work?

Soldato
Joined
13 Jan 2004
Posts
12,773
Location
Leicestershire
i've been looking at houses and when i can i want to get one.

my question is this as i want to get it as simple as possible:

you get a mortgage for the 25% of the houses value and you pay rent and council tax on the rest. is that essentially it? do you then 'own' the house or at least a share of it?

what happens when you die? can you give your share to relatives?
 
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