Shared Ownership

Shared ownership is another gateway to own your home when you can’t afford to own the full 100% of a home. This allows you to share your ownership of your home (between 10% and 75% of the property value) and pay rent on the remaining share. You can build up the percentage of your ownership through buying more shares in smaller percentages; this is also known as “staircasing”.

There are different rules on:

• Shared ownership in England
• Shared ownership in Wales
• Shared ownership in Scotland
• Shared ownership in Northern Ireland

Gives us a call today to find out which is the most appropriate route to owning your home!

You could buy a home through Shared Ownership in England if:

• your household earns £80,000 a year or less or £90,000 a year or less in London
• you are a first-time buyer
• you cannot afford all the deposit and mortgage payments for a home that meets your needs
• you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.
• you’re forming a new household – for example, after a relationship breakdown