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What is shared ownership?

If you would like to own your own home but can't afford to buy on the open market, shared ownership could be the option for you.

With shared ownership you by a share in your home and pay a capped rent on the remaining share to us. Your initial share is typically between 25% and 75% (but can be 10% for some shared ownership homes), depending on what you can afford.

Buying a share means you will only need a deposit and mortgage for the share you are buying.

As a shared owner you can then purchase more shares in your home when you choose, this is known as staircasing, in most cases, until you own it outright.

In some rural areas your share may be restricted to 80%, so that the property remains affordable for local people.

With shared ownership you can buy a newly built home, or a re-sale shared ownership home.

As a shared owner you will be free to decorate your home and can decide to sell when it suits you.

Buying a shared ownership home is a financial commitment and we recommended that you read through the Shared Ownership Guide below.

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