Shared Ownership
The affordable way to own a home
Shared Ownership gives you all the advantages of home ownership on the terms you can afford. It's easy - you initially buy a share of a brand new home which ranges from 25% to 75%, and pay rent on the share you don't own. So for example if you buy 40% of your new home from us, you will pay a subsidised rent to us on the 60% that you don't own.
The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford to. The more you own, the less rent you will have to pay.
Money Matters
Shared Ownership lets you spend your money wisely. With this scheme your monthly outgoings of mortgage, rent, and service charge combined, are usually less than what you would pay on private monthly rent alone. So, you're saving money and securing a home for the future.
Right for you?
First and foremost, your household must earn less than £60,000 per year and not be able to buy a home outright in the area in which you want to live. As this applies to many people, we will prioritise social housing tenants, those on the LA housing waiting list, MOD Personnel, and those with a local strong local connection to the area the property is in.
Key worker eligibility criteria may vary according to location and funding rules. If in doubt contact your local HomeBuy Agent.
You must be registered with your local HomeBuy Agent.