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Shared ownership allows first time buyers to buy a percentage of a property and rent the remaining portion, as opposed purchasing it outright. This means the deposit required and supsequent salary requirements for the mortgage are significantly reduced. However that is not the full story and it does have some major problems. 💡 I'm Jake a 3rd Year Economics Student and I try to break down some of big financial issues facing us, so we can take this knowledge into positive, actionable change to build better financial habits. So make sure you subscribe so you never miss out on an opportunity to learn something new. 👉 Check out the Blog Website: https://www.justjakesmoney.com/ 📷 Follow me on Instagram for more: / justjakesmoney 📽️ Follow me on TikTok for more short form content: / justjakesmoney All Links: https://linktr.ee/justjakesmoney Introduction 0:00 How Shared Ownership Works 0:30 Problem One 2:53 Problem Two 3:56 Problem Three 4:52 ❌ DISCLAIMER: Just Jake's Money is not a financial/investment advisor. I am solely sharing their personal experience and opinions; therefore, all strategies and suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing; therefore, do not act or refrain from acting based on any information conveyed in this video or webpage. For independent financial advice please seek the counsel of a suitable qualified advisor and conduct your own due diligence. Contact for Business Enquiries Only: justjakesmoney@gmail.com