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Reading: Joint ownership: “It’s beyond our means.” It denigrates living in communal dwellings.
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Baner Club > Blog > Business > Joint ownership: “It’s beyond our means.” It denigrates living in communal dwellings.
Business

Joint ownership: “It’s beyond our means.” It denigrates living in communal dwellings.

When 53-year-old Josie Dom moved into her new house in October, she was overjoyed.

Last updated: 2024/04/16 at 8:46 AM
Published April 16, 2024
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Even though it was only a partial ownership, she purchased 30% of it through the shared ownership program as an economical path to home ownership.


By purchasing a portion of a property and making reduced rent payments on the remaining portion, typically to a non-profit housing association, the goal is to assist those who would not be able to own a home entirely in getting on the housing ladder sooner.

She claims that without it, she would not have been able to continue living in Colchester, where she and her two kids love to live and send their kids to school and college.

However, her excitement began to fade when the housing association raised the building’s service level barely six months later.

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