shared ownership

noun

1. (in Britain) a form of house purchase whereby the purchaser buys a proportion of the dwelling, usually from a local authority or housing association, and rents the rest

Example Sentences

Two years ago, Guy Benson, a young city worker and part time Liberal Democrat activist, bought 25% of the lease for his £700,000 flat under a shared ownership scheme.

From BBC

Although Mr Kretinsky said he is "very open" to profit sharing, he is not in favour of shared ownership.

From BBC

Despite shared ownership, you can’t force anyone to pay dues into the account, either.

From New York Times

The 74 apartments in Spring View are a mix of shared ownership, social housing - operated by Cross Keys housing association - and privately-owned flats.

From BBC

Donna Nicholls bought her flat under a shared ownership scheme run by Cross Keys and had a leak on-and-off in her flat for about four years, before it was fixed in December.

From BBC