Stepping into a home that’s truly yours is one of the best feelings in the world - and with Shared Ownership, you might experience that feeling sooner than you think!
Shared Ownership offers a flexible way to purchase a share in a home now, with the option to buy more of it in the future. You’ll pay rent on the share of the home you don’t own, making it an affordable and accessible option for many.
This popular scheme is designed for those who may not be able to afford a home on the open market. Shared Ownership customers come from all walks of life, ranging from first-time buyers in their twenties and thirties to those re-entering the property market in their forties, fifties, and beyond.
You can start by purchasing a share of a home - typically between 25-75% - and pay rent on the remaining share. On some newer Shared Ownership properties, you can even begin with as little as 10% ownership, subject to eligibility checks and approval.
To get started, you’ll need a minimum level of income and savings, which will depend on the value of the home, your personal circumstances, and your lender’s requirements. The good news? Deposits can be as low as 5% of the share value, depending on your chosen lender. Why not try our affordability calculator to see what’s possible for you?
Our new Shared Ownership homes are built to high standards of quality and design. Each property is carefully inspected to ensure it’s move-in ready, so you won’t need to worry about repairs or renovations. Plus, all new homes come with a 10-year warranty, giving you peace of mind should the unexpected occur.
It’s also reassuring to know that the Shared Ownership model is backed by the Government, offering you security and confidence as you take this exciting step towards homeownership.