Shared Ownership

Shared Ownership is a low cost way to achieve home ownership for low-income homebuyers and key workers. You buy part of your home and rent the remaining share from a Housing Association. Your initial share might be for as little as 25% and is funded by a mortgage. You pay rent on the share you do not purchase. The bigger the share you purchase, the less rent you have to pay. When you can afford to do so you can buy more shares. This is commonly referred to as staircasing. It is possible to purchase up to 100% in some schemes and own your home outright.