Shared Ownership is a housing scheme that allows individuals to buy a share of a property, typically between 25% and 75%, while paying rent on the remaining share. This option makes homeownership more accessible, especially for first-time buyers who may struggle to afford a full mortgage. Participants can gradually increase their ownership by purchasing additional shares, a process known as staircasing. This approach helps people invest in their homes over time, making it easier to manage finances while enjoying the benefits of homeownership without the need for a large upfront payment.