Shared Ownership

Shared Ownership

Shared Ownership Agreements

We specialise in shared ownership sales and purchases.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

With Shared Ownership you can buy a newly built home or an existing one through resale from housing associations or the local authority.

Shared ownership properties are available for First-time buyers or those who used to own a home but can’t afford one now

  • People whose combined household income is less than £80,000 (in London, it’s less than £90,000)
  • People who rent a council or housing association property.

You don’t have to be a key worker, such as a nurse or teacher, to apply for shared ownership. Military personnel will be given priority over other applicants.

From 29th October 2018 Shared Ownership became much more affordable, as stamp duty was abolished for first time buyers buying a shared ownership home that costs up to £500,000.

All shared ownership homes in England are offered on a leasehold basis.

Call 01483 768629