What is Shared Ownership?
Shared Ownership is a part buy, part rent scheme designed to help people who cannot afford to buy a property outright, get onto the property ladder.
Shared ownership allows you to buy a share in a home and pay an affordable rent on the part you don’t own. You buy a share, usually between 35% and 75%, and pay rent on the part that you do not own. You will need to get a mortgage, or have personal savings for the share of the property you are buying.
We help you work out what you can afford to buy so that you won't be stretched financially.
With shared ownership you can buy further shares in your home as and when you can afford to - this is called staircasing - or you can stay with your original share. It's your choice!
To apply for Shared Ownership, fill out the application form and return it to us with your supporting information.