Shared ownership

Shared ownership is a great opportunity for anyone who wants to get a foot on the property ladder but can't afford to buy a home outright. The scheme gives you the chance to buy a share in one of our new properties on a part buy/part rent basis.

You buy a share of between 25% and 75% and pay a monthly rent for the remaining share. To qualify for shared ownership, you will need to meet the following criteria:

  • You can't afford to buy a home on the open market.
  • You have a household income of less than £80,000 per year.
  • You are a first time time buyer however sometimes home owners who are assessed as having a housing need can qualify for the scheme.
  • You are at least 18 years of age.
  • You have a good credit rating.
  • You have at least £1,500 savings to cover one-off costs involved in buying your new home. This does not include any mortgage deposits, developer reservation fees or stamp duty (if applicable). Most schemes will require you to have a deposit of at least 5% of the share you are buying.