Shared Ownership

Shared Ownership

Shared ownership properties are built and owned by registered providers.  Under the scheme, you can buy a share of the property and pay rent on the rest.  You can normally buy a minimum of 25% and a maximum of 75% of the property at first.  In the future you can sell your share for its market value at that time, or purchase further shares from the registered provider.  In most cases you can eventually buy 100% of the property if you wish to, although there are restrictions on some properties in rural areas.

You can search for shared ownership properties through RightMove and other online property search sites. 

Qualifying for the schemes:  you will normally be a first time buyer (and you must not have your name on the deeds to any other property) and your household income will be no more than £80,000.  You will also have to pass credit checks before being accepted.  For more information, visit  https://www.helptobuyese.org.uk