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22Oct92 UK: SHARED OWNERSHIP 'BAD NEWS TO BUILDERS'.

A campaign to encourage home ownership will divert resources into secondhand homes and not produce work for builders.The Government's do-it-yourself shared ownership (Diy-so) scheme allows a housing association or council tenant to buy a home by taking out a mortgage on half its value.The council or association buys the other half for which the occupant pays rent and can later increase the proportion they own.But Greg Lomax, deputy chief executive of the Housing Corporation, told a ...

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