Affordable Housing Definitions
Shared Equity Housing
A home purchased with a small deposit, usually 5%, and a low or no cost 'equity loan' of up to 20% of the purchase price with, with the remainder paid by a mortgage.
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A home purchased with a small deposit, usually 5%, and a low or no cost 'equity loan' of up to 20% of the purchase price with, with the remainder paid by a mortgage.
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