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The Guardian - UK
The Guardian - UK
Business
Patrick Collinson

Shared ownership: a low-cost way to buy a home – but is there a catch?

Flats in east London
Is shared ownership the best route for people struggling to get on the property ladder? Photograph: Brian Anthony/Alamy

Shared ownership is promoted as the low-cost, low-deposit path for first-time buyers to escape the rent trap. But is the part-rent, part-buy model the staircase to heaven or hell?

For Caitlin Bucktrout and her partner, Sam Ward, both 25, it has been heavenly. They picked up the keys to their newly built three-bed semi near Headingley in Leeds in February 2020, just as the coronavirus pandemic threw the country into lockdown.

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