Shared Ownership

Shared Ownership is a great way for you to get a foot on the property ladder if you can’t afford to buy a home outright.

Shared Ownership

Shared Ownership is a great way for you to get a foot on the property ladder if you can’t afford to buy a home outright on the open market.

It can take away the pressure of having to save for a high deposit, or having to make large mortgage repayments.

Essentially, it means you’ll be buying a share of your home – usually between 25 percent and 75 percent - and paying an affordable rent on the remainder.

Shared ownership diagram. Deposit. Property share. Mortgage

This means you get the home that you want, at an affordable price and through a monthly repayment that’s achievable.

Deposits for Shared Ownership properties start from as little as five percent. Your mortgage is based on the percentage share you own in the property.

Give us a call and we will be happy to talk you through your options - 0345 601 9095.

To qualify for Help to Buy Shared Ownership, you will need to meet the following criteria:

  • You can’t afford to buy a home on the open market
  • You have a household income of less than £80,000 per year
  • Applicants are primarily expected to be first time buyers, although applicants who currently own or have previously owned a property may be considered for the scheme
  • You are at least 18 years of age
  • You have a good credit rating
  • You have at least £1,500 savings to cover one-off costs involved in buying your new home such as solicitor costs. This does not include any mortgage deposits, developer reservation fees or stamp duty (if applicable). Most schemes will require you to have a deposit of at least 5% of the share you are buying.

Here's Alison, one of our New Homes Officers, to outline the benefits of Shared Ownership 

Don't just take our word for it - take a look at what some of our customers have said about Shared Ownership

Going from paying £500 rent to about £200 is lovely and the house feels our own – We are even planning to buy a bigger share i…

Maggie is the first resident to move into her brand new home on our Broad Oaks Manor development through shared ownership.

Holly and Christopher move into one of our properties on our Boolean Fields development in Waddington.

Shared Ownership presents an attractive and affordable way for many people to get a foot onto the property ladder.

Want to get onto the property ladder? Search for a home

Find a home that’s perfect for you.

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