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19:16 Oct 22, 2007
English to Lithuanian translations [Non-PRO] Bus/Financial - Finance (general)
English term or phrase:shared ownership
What is shared ownership?
Shared ownership is when you buy part of your home and pay rent to the local authority on the share you do not own.
It means that instead of taking out a full mortgage on your new home, you can buy part of it and pay rent on the other part to the local authority.