DIYSO

AcronymDefinition
DIYSODo-It-Yourself Shared Ownership (real estate; UK)
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References in periodicals archive ?
DIYSO was due to be phased out, but it is still being offered in some areas, and its popularity with the public has led to associations lobbying the Government to allow it to continue.
The Government has now agreed with this assessment, and local authorities will have the option to continue offering DIYSO alongside the new scheme for the next two years.
DIYSO stands for Do It Yourself Shared Ownership and means that you can buy a house on the open market, which you will share with the housing association, rather than buying one of their tailor-made homes.
DIYSO was to be phased out completely next April and replaced by Homebuy, but the Government recently announced that local authorities (but not housing associations) are to be allowed to continue to offer DIYSO for a couple more years.
"We applied for DIYSO and within a couple of weeks we were sent an application form," says Ola.
DIYSO buyers are free to choose a house on the open market.
DIYSO is a very specific scheme restricted to council and housing association tenants, homeless people and sometimes those on council waiting lists.
So what is DIYSO? It's a scheme called Do It Yourself Shared Ownership.
Deborah said: "We couldn't believe that DIYSO could be so simple but it has worked out really well for us."
DIYSO allows you to look for any home on the open market as long as it's in an area covered by the housing association.
DIYSO schemes are run by several housing associations around the country.