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Shared Ownership provides an affordable route to home ownership. Our commitment to housing for all means that we’ve built thousands of new homes throughout the country for people that need them. You can be confident that by purchasing a home with us you will get the quality and comfort you deserve from a modern home.
Shared Ownership is a home buying scheme where you buy a share of between 25% and 75% of the property’s value and pay a subsidised rent on the remaining share. Over time, you can buy more of the property until you own 100%*, this is called ‘Staircasing’
You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.
Additionally, to be eligible for Shared Ownership you will need to meet specific criteria set by the Local Authority; this can vary for each scheme.
*Unless stated otherwise in your lease.