What is shared ownership and how do I find out more information?

Shared ownership is an affordable way for you to become a homeowner. You buy a share in a new home and pay a subsidised rent on the remaining share. You can then buy more shares in your home in the future, this is called ‘staircasing’. As you buy a bigger share, your rent will go down accordingly.

Can anyone apply for shared ownership?

Most first-time buyers can apply to purchase through this scheme.

Eligibility is assessed based on the following criteria:

  • You must have been in permanent employment for at least six months.
  • If you are self-employed, you will need at least two years of audited accounts
  • You have a gross household income of less than £80,000.
  • Your total housing cost must be between 25-45% of your income.
  • Any County Court Judgement against you must be satisfied.
  • You must be a British or EU/EEA citizen or have indefinite leave to remain.

Further information on shared ownership and our promise, eligibility, costs and more can be found here.

Where are the properties advertised?

Shared Ownership properties are advertised on Rightmove and Zoopla.