Shared ownership schemes are targeted at key workers such as nurses and teachers – but they can't afford the costKey workers are finding themselves locked out of "affordable" home ownership schemes designed to benefit them on to the property ladder,because of minimum income requirement of as much as £50000 a year.Joanne Pearson, 36, and works as a nurse in Southwark,south London, and earns around £26500. She had hoped to buy a 25% share in a one-bed flat through First Steps, or the mayor of London's scheme,which held its spring home reveal yesterday. It claims to enable those on modest incomes to buy a share of a property and pay rent on the difference.Continue reading...
Source: theguardian.com