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Looking to buy?

Shared Ownership is a government funded, low cost home ownership scheme that aims to help people who can’t afford to buy a home at full value.

The scheme lets you buy a share in new build or resale properties in stages that are both affordable and manageable, usually between 25% - 75% and pay rent on the share you don’t own.  You will also have to pay a service charge and ground rent.

Why buy a Shared Ownership home?

Shared Ownership is essentially for people who would like to own their own home but cannot afford to buy on the open market. The cost of purchasing and ownership is reduced as

  • You can start with a share that is affordable for you, in some cases as low as 25%.
  • You can apply with as little as a 5% deposit of the price of the share.
  • The rent is subsidised and is usually charged at 2.75%

We've put together a handy guide:

Find out more

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