Sale Platform housing Shared
Ownership Property Form Just £399*

If you're unable to cover the full cost of the deposit and mortgage payments for a home that suits your requirements, Shared Ownership presents an opportunity for you to acquire an initial share of a home, valued between 10% and 75% of its market value. Subsequently, you'll be responsible for paying rent to the housing provider for the remaining share.

Flexibility is built into the arrangement, allowing you to purchase additional shares in your home at a later date whenever your financial capacity allows. This process, referred to as 'staircasing,' enables you to decrease the rental payments corresponding to the proportion of the home you have acquired through additional shares. The rent amount is determined based on the size of the share you have yet to purchase.

Deposit Details: The required deposit amount is subject to the terms and conditions set by your mortgage provider, generally falling within the range of 5% to 25% of the value of your ownership share.

Ownership Insight: Acquire a leasehold interest representing 10% to 75% of the home's value, with potential variations based on local conditions.

Key Advantages: Facilitates entry into the property market with a reduced mortgage burden and a more manageable deposit.

Essential Criteria: To qualify, your gross annual household income should not exceed £80,000 for purchases outside London and £90,000 for purchases within the London area.

Discover the possibilities of homeownership through Shared Ownership in England if you meet the following criteria:

Your household income is £80,000 per year or less, applicable when purchasing outside of London, or £90,000 per year or less if you're buying within London.
You qualify as a first-time buyer, have previously owned a home but cannot currently afford one, or are an existing shared owner seeking to relocate.

With Shared Ownership, you have the opportunity to purchase either a newly constructed home or an existing property through resale programs offered by housing associations. Financing your share of the home's purchase price can be achieved through a mortgage or your personal savings. It's important to note that Shared Ownership properties are always leasehold.