Shared ownership

What is shared ownership?

Shared ownership allows you to buy a share of your new home and pay rent on the remaining share. This means that the deposit and mortgage you need are smaller than if you were buying 100% of the home. 

Can I buy all of my home? 

When you become a shared owner, you can staircase at any time. This means that you can buy additional shared in your home, up to 100%. When you own 100% of your home, you will no longer pay rent. 

Am I eligible? 

To be eligible for a shared ownership home: 

• You must not currently own a home
• Your household income must be less than £80,000