Shared Ownership
Shared ownership gives first time buyers the opportunity to purchase a share in a new build or resale property. The initial share can usually range from 25-75% or in some cases buyers can purchase an initial 10% share.
Is Shared Ownership suitable for me?
Am I eligible?
You can apply for shared ownership if one of the following is true;
- Household income is £80,000 a year or less
- You cannot afford all the deposit or mortgage on a home that meets your needs
- You’re a first time buyer
- You used to own a home but can no longer afford to buy one now
- You’re forming a new household (relationship breakdown)
- You’re an existing shared owner and want to move
- You own a home and want to move, but can’t afford one that meets your needs