Shared Ownership

Part Buying/Part Renting your own home

Shared ownership was introduced to help people who cannot afford to buy a home outright. Through shared ownership you buy a share of the property and pay rent on the remaining share, with an option to buy further shares at a later date.

Who can buy through the shared ownership scheme?
The scheme is intended for people who cannot afford to buy a suitable home in any other way.  They must be in housing need and be unable to afford outright purchase.  Priority will normally be given to existing public sector tenants or those on local authority or housing associations’ waiting lists.
Although you have not bought the property outright, you will have the normal rights and responsibilities of a full owner-occupier.

How does shared ownership work? Click here to find out.

What does the shared ownership lease entitle me to? Click here to find out.

What is staircasing? Click here to find out.

How does Staircasing work? Click here to find out.

Selling your share – resale Click here to find out more.

What is re-mortgaging. Click here to find out.

Flexible Tenure. Click here to find out more. 

Shared Ownership Mobility. Click here to find out more.

Applying for Shared Ownership. Click here for details of how to apply.

Properties that are available to purchase. Click here for more details.

For a map of the areas in which we have shared ownership properties Click here 

 

If you are a current shared owner please click on the link to read a copy of the Shared Ownership Handbook which contains lots of information that you may find useful. If you cannot find what you are looking for please use the 'contact us' facility at the top of the page and we will anser any query you may have. Alternatively you can telephone the Home Ownership Services Team on 01803 200300.