Shared Ownership

If you can’t quite afford the mortgage on 100% of a home, the Help to Buy Shared Ownership scheme offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

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

•   Your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London
• You are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

With the Help to Buy Shared Ownership scheme, you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold.

Only military personnel will be given priority over other groups through government funded shared ownership schemes.  However, councils with their own shared ownership home-building programmes may have some priority groups, based on local housing needs.

We can arrange the mortgage via our qualified affiliated companies.