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Find a shared ownership property

Want to buy but can't afford to purchase outright? See what shared ownership homes we currently have available

What is shared ownership?

With shared ownership, you buy an initial share of a home (25% – 75% of the current open market value) using a mortgage or savings. You then pay a reduced rent on the share you do not own.

You may increase your share in the future through a process known as ‘staircasing’. Your rent is adjusted to reflect this. In some cases you may be able to buy outright after as little as 1 year of occupation, although there are some restrictions on rural schemes.

When you buy a shared ownership property, your deposit will be lower than on the open market. This is because you only need to raise a deposit for the share you are buying, and not the full open market value.

Am I eligible?

To be eligible to apply for a shared ownership home, you will need to register with the local Help to Buy Agent.

You also need to meet the following criteria:

  • Annual household income less than £80,000
  • Unable to purchase a home suitable for your needs without assistance
  • Not a current home owner (or named on the deeds of another property) in the UK or abroad
  • No outstanding credit issues (ie unsatisfied defaults or County Court Judgements).

Got a question about shared ownership? Browse our FAQs or visit Help to Buy for more information or telephone 03333 214044.