The UK government 's proposed national model for shared ownership could help more people on to the property market . The measures will give social workers moving into a home the option to purchase a minimum stake of 10 % , reduced from 25 % , and allow them to purchase the property in 1 % each , rather than 10 % at once . The scheme would mean residents could own a share of their home with a deposit as low as £ 2,000 ( $ 2,600 ) . While all new housing association properties will automatically be part of the scheme , the government intends to deal with associations on existing properties as well .
The UK government's proposed national model for shared ownership could help more people on to the property ladder. The measures will give social tenants moving into a home the option to buy a minimum stake of 10%, reduced from 25%, and allow them to purchase the property in 1% chunks, rather than 10% at once. The scheme would mean residents could own a share of their home with a deposit as low as £2,000 ($2,600). While all new housing association properties will automatically be part of the model, the government intends to work with associations on existing housing as well.