The continuum continued

This week, we’re picking up where we left off, jumping into the home ownership side of the housing continuum and exploring different models that support people to progress along the continuum into home ownership – if that’s their goal.

Missed last week’s episode? No problem – you can catch up here.

Housing terminology:

Progressive home ownership: Programmes designed to move people out of the long-term rental market and into a home of their own.

Rent-to-buy: A progressive home ownership programme that allows tenants to rent a home at equal- or below-market rent for a specified period while they build the financial capacity to purchase the home.

Shared equity: A form of progressive home ownership where an occupier and community housing organisation jointly purchase a property. An occupier can apply for a mortgage to fund the purchase of their shares and progressively purchase the remaining shares from the organisation in lump sums at the new property value.?

Leasehold: An affordable home ownership option which enables people to purchase a physical property but not the land it sits on.

Want to know more about the housing continuum or any of the models mentioned in this video? Let us know in the comments!