Shared ownership

Shared ownership

Shared ownership is available to those people who are not able to buy a property suitable for their needs outright on the open market. Ownership is joint between yourself and a Housing Association, so you pay both mortgage and rent on the property. You purchase a share between 25% and 75% of the property’s market value and you pay a subsidised rent on the remaining share. Most schemes will allow you to purchase a greater share in the property after you have made the initial purchase and you may be able to eventually own your home outright.

You can do a web search for shared ownership in the area you are interested in or check our Housing Association partners’ web pages for available properties.