Shared ownership

Help to buy shared ownership is great opportunity for anyone who wants to get a foot on the property ladder but can’t afford to buy a home outright on the open market.

The scheme gives you the chance to buy a share in a brand new leasehold property (either a house or an apartment) on a part buy/part rent basis.

You buy a share of between 25% and 75% of a home from a registered provider, usually a housing association. You then pay a subsidised monthly rent to the housing association for the remaining share.

It's not just new properties that are available to buy under Shared Ownership. From time to time, older properties can become available for resale.

To qualify for help to buy shared ownership, you will need to meet the following criteria:

  • You can’t afford to buy a home on the open market
  • You have a household income of less than £80,000 per year.
  • Applicants are primarily expected to be first time buyers, although applicants who currently own or have previously owned a property may be considered for the scheme.
  • You are at least 18 years of age.
  • You have a good credit rating.
  • You have at least £1,500 savings to cover one-off costs involved in buying your new home such as solicitor costs. This does not include any mortgage deposits, developer reservation fees or stamp duty (if applicable). Most schemes will require you to have a deposit of at least 5% of the share you are buying.

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Need further help or information?

Contact the team directly on 01773 841335 or email