What is Shared Ownership?

Shared ownership is another way to buy your own home if you cannot afford to buy on the open market. You buy a percentage and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. In most cases, you can carry on buying shares, to own it 100%.

Am I eligible?

  • Your annual household income must not exceed £80,000.
  • You must be able to demonstrate that you have a good credit history (no county court judgements or bad debts).
  • You must be able to afford the costs and regular payments involved in buying a home.
  • You could be a first time buyer or in the process of selling your existing home.
  • You must not own another property at the time you buy your shared ownership home.

What do I do next?

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