Change accessibility  Google translate  Change contrast   Font size 

Google translate Google translate
click to choose
Colour contrast Contrast
Font size Text size

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.

For example, if you was to buy 50% share of a home worth £200,000, this could be a 5% deposit of £5,000 and a mortgage of £95,000 on the remaining 45%, you will then only pay us an affordable rent on the remaining 50% share. The rent that you will pay us will also include buildings insurance and management company charges, if applicable.  

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.

And when the time comes, if you are ever in a position to staircase your property or sell your home, we are here to help. You can find some helpful information about selling your share here.

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.

What is Shared Ownership?

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

Read Sharon and Steven's story on how they bought a 50 percent stake in a Shared Ownership home on our Heron Park development…

Read Liam and Katherine's story on how after 8 years of privately renting, they were able to own their own home

Abigail and Laura find their dream homes within the same development

Carol Whyte, who initially bought Shared Ownership, praised Longhurst Group for helping her to outright ownership.

A customer who has increased his share in his first home has said he plans to own 100 percent of his property ‘as quickly as h…

Shared Ownership made Tim's dream of owning his own home more achievable.

For this young mum, Shared Ownership gave her daughter the chance to grow and play in a safe place.

For Alex, Shared Ownership was a way to live in the perfect location at an affordable price.

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.

Shared Ownership gave Kerry the opportunity to buy her own home on a single income.

Shared Ownership gave Jo the opportunity to buy her own home after a relationship breakdown.

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

Find a home that’s perfect for you.

Menu Clock House Get involved Headset Magnifying Lock Burger menu Close Wrench Wallet Heart Life ring Chevron down Chevron left Chevron right Facebook Twitter Instagram Youtube TikTok Lightbulb People Map pin Blocks List GBP Arrow right Search care Longhurst Group Longhurst Group L & H Homes L & H Homes Friendship Care and Housing Friendship Care and Housing Libra Treasury Libra Treasury Spire Homes Spire Homes Keystone Keystone Axiom Axiom