Shared Ownership

Shared Ownership allows you to buy a share in a new home, ranging from 25% to 75%, depending on what you can afford. A housing association owns the remaining share, and you will pay a reduced rent on this share.

This means that you need to get a smaller mortgage to buy the property, and will also need a smaller deposit. You can buy more shares as and when you can afford them - this is called 'staircasing'. As you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all*

You may also have to pay a service charge if, for example, the property is a flat with a communal area.  Details of the rent and service charge payable for each property can be found on our website, or from the housing association who owns the other share of the property.

Shared ownership does not mean that you buy with someone you don't know. It also does not mean that you have to share the property with other people. You can buy on your own and live in the property on your own.

As a home owner, you will be responsible for the maintenance and repairs on your home. If you live in an apartment, your landlord will be responsible for the communal areas.

You can apply to buy one of these homes by filling in our application form online.

Please visit our "Is it for me?" page that outlines who we can help.

Download our Shared Ownership info sheet here

*Please note that on some developments there is a limit on staircasing, which means you cannot buy 100%. Check with the developer if you are unsure.